I use turbo tenant on my rental because I like the buffet style business model. 

Their day is coming that they will be superceded by an upstart, whether it's Houfy or some other version of it, because good hosts that can manage direct bookings will eventually migrate away from the babysitter model, with its accompanying outrageous fees, and good guests will move to that same platform.

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.

The potential to generate $9k in monthly rent from a $1.2M investment with the lower interest rates and building costs factored in makes for a compelling cash flow model.

Smart sellers will eventually offer better comp because they know they will get more showings since buyers can note on the buyer agency agreement that they don't want to see homes that don't offer compensation for their agent.Take the ruling as a time to adjust your business model to less spray and pray (work with anyone) and more tailored clientele with a concierge feel.

Oxford House (https://oxfordhouse.org) is the biggest "peer run" sober living home nonprofit organization in the world, they lease about 3,600 homes nationwide and is a good model to study as well.

Having said that, I modeled out 7 investment options and used historical data to predict the future returns.

The City of Houston (COH) is enamored with Arlington's regulatory STR model.

@William SilvaSTR and LTR are very different models.  

Consider carefully what types of properties will help you achieve your long-term goals while maintaining the financial freedom you’re working towards.Let me know if you'd like to go deeper into the financial modeling or need any assistance with financing options to pull out the equity.