I am not averse to something in the 10-35k range but would need to find the right mix of location and situation to pull the trigger on a project like that.

The first one to hire would be the accountant.

Hi Katie,Welcome to the STR community!

Thank you for your insights and help with walking me through this new venture for me.   

Well, to answer that question you need to look at the influx of people in the different tourisitc hotspots in the city over the last x months/years.

He get's principal and simple interest payments over a number of years.I'll manage the deal and the property.Looking to create a proforma for this that would fit a typical rental analysis but insert the detail of having private money cover the DP.

Quote from @Derrick Wortman: Hey All,I currently have 6 properties under statefarm insurance and my personal home/auto/umbrella through Allstate.

Drive around your area and find homes that are currently being remodeled (big dumpster outside, several crews/contractors) get out of the car and see if the investor is there if not talk to guy in charge and network with them. 

DENVER — Rent costs in the Denver-metro area recorded the largest monthly decline in the nation in January, according to Zillow’s monthly rental report.Denver was one of 11 major metro areas where monthly rental rates fell, leading the way at a 0.4% decline in January rent costs, the report shows.

The 203k is a renovation loan.