My other option is to find a renter for 6 months to help cover the payments over the winter.

Its fun if you want to daytrade BTC or buy weed through the mail, but make no mistake, investing in it is speculating.

If I don't pay my bill they have no problem cutting off my heat in the winter or a/c in the middle of a 110-degree heat wave here in Texas!

However, there are some challenges to keep in mind:Regulatory Variations: Regulations can vary widely between locations and are constantly evolving.Active Management: STRs require more hands-on management for guest turnover and communication.Additional Costs: Don’t forget about expenses for furnishings, cleaning, and possibly hiring a property manager.If you’re looking for STR-friendly areas, consider these locations, as others can be too expensive to consider, such as Snowmass Village or Aspen:Breckenridge: The most visited ski resort in North America, attracting around 3 million tourists each year.Steamboat Springs: A popular year-round destination for winter sports and summer activities.Keystone: Great for those wanting a less crowded resort experience.Divide & Florissant: Charming mountain towns close to Colorado Springs.Fairplay: Just 30 minutes south of Breckenridge, with an impressive 82% Airbnb occupancy rate.Cripple Creek: A former mining town now known for casinos and outdoor activities.Park County: Very Airbnb-friendly, though regulations may change.Here are some strategies to help you succeed in the STR market:Hybrid Model: Consider using some units for STRs and others for long-term rentals to balance income.Research Local Regulations: Always check the current rules in your target areas before investing.Year-Round Appeal: Focus on locations that attract visitors in all seasons.Quality Furnishings: Invest in quality to justify higher nightly rates and attract better guests.Dynamic Pricing: Use pricing strategies to maximize revenue during peak seasons while maintaining occupancy in the off-season.Stay Flexible: Be ready to adapt your strategy as the market and regulations change.While Colorado’s STR market offers exciting opportunities, it’s essential to approach it strategically.

Many of the lakes in North Georgia are controlled by the TVA and they drop the lake levels significantly in the winter.  

I'm particularly passionate about multi-family.Outside of real estate, I enjoy singing (I do it professionally), and playing basketball (I do it for fun, lol).Excited to learn and connect with you all!

Your wealth and fun will be met with your REI.  

With buying a house hack - you quickly learn what ownership is, how to manage current tenants and pre-vet new tenants, how while you're owning the property - you're investing in yourself and not someone else's own property by just paying the landlord rent.What's fun about this game is it really does not matter how old you are when you're getting started.

Plus winter is coming...

Sun and bluebird skies of summer, the vibrant colors of fall, and the cozy snow drifts and fireplaces of winter.