The main downside is being dependent on the HOA—issues like poor management, rising fees, or unexpected assessments can hurt your investment.

Colorado is pretty dependent on tourism. 

In absolutely no way would I ever depend on such a broad analysis to ultimately determine my decision.

@Brian Dolbeare This is a "it depends" question for sure, but in most cases street parking is pretty common here.

Jenna, Findlay can be a fantastic spot for buy and hold investors.. especially if you’re after dependable cash flow in a smaller market.

If you said the property was valued at $200k, then 2nd position may still bid in an attempt to run up the numbers depending on what kind of haircut they're looking at. 

Depends!

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

For example college rentals generate some of the highest ROI of properties I come across in New Jersey but it depends on the school and location of property.

When a seller lists their property, they often agree to compensate the buyer's agent separately, though the exact terms depend on the offer made.