I haven’t seen any longer term studies done, only promotional info when the RE market was generally rising.  

Here is a video that runs down the basics - https://s-media.nyc.gov/agencies/specialenforcement/01-Legal...There is also a prohibited building list - https://www.nyc.gov/site/specialenforcement/registration-law...Here are some more info overall - https://www.nyc.gov/site/specialenforcement/registration-law..All of this makes STRs in the city pretty tough but it certainly not impossible.

I have however feel victim to some pretty steep bills for property taxes.  

@Chris Mahoo many new investors don't take the time to properly understand RE investing.1) Many are using approaches from 2010-2018 when Class A property prices were so low from the Great RE Crash that an investor could cashflow and get pretty easy Class A tenants to manage.2) If you look at what investors were doing before 2008-2010, most were buying Class B & C rentals.To make it worth while, an investor either needs to Fix & Flip or invest & hold rentals for 10+ years.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.

My first rental I asked the guy at the closing table how much he usually got for rent and he told me he could pretty reliably get 300-400.

I noticed the seller started out trying to sell it for $800,000 but he was lowering it pretty aggressively.

The taxes are pretty high at 7400$ a year. 

It's pretty much why I'm putting myself out there on here, which to gain insight on other's experiences with working a dual agent deal.

Colorado is pretty dependent on tourism. 

I looped in the owner of the company but things are still pretty rough.