Its a very niche asset class for sure , folks who treat it to purely use real estate aspects & not chose to be inclusive of hospitality traits - will fall back.  

I have been a pure real estate investor since 2003 all multi family, all duplexs execpt one 4 plex.  

Bullet proof strategy with no interaction is a lock box that has no smarts or batteries to fail.

At worst that picture is pure bank disinformation slash propaganda.

Lat last year, city council added restrictions that makes it very difficult to buy a property purely as a short-term rental and they grandfathered all the current ones into place.There are a LOT of houses with guest houses / cottages / carriage houses in the back in the downtown and old colorado city area.These are what we have targeted since you seem to get more bang for your buck.

My whole reason for entering real estate was to go into commercial real estate, own income producing properties that kick off cash flow each month and create a lifestyle of pure abundance for my lineage.

The $3000-6000 is purely a fee paid to the lender that you never get back.

You’ll need a skill saw, sawzall and battery drill.

So I had a sump pump battery backup installed. 

I like the panhandle for some nostalgic reasons but if I'm looking at it from a purely investment standpoint, I would probably go somewhere that has 20% or more.