It has done well. 

Average rents for a well maintained 2 bedroom apartment are easily $1000.  

I got started by moving from Portland OR to Columbus Ohio and started full time real estate investing here and started with house hacking/multifamily as well. 

But if you did the property up right with killer design and great amenities -- I'm picturing cool wallpaper, a game room, boho/modern furniture and a hot tub -- I can see a place here doing well as an affordable Airbnb/STR option just 10 minutes to downtown Denver.

Well then could we have a example of defeasance, maybe such as a Bob and Ted story?

Hi Jon from Boyertown, PA-You and your fiancé are interested in buying your first short-term rental and wonder profitable areas to purchase with a budget up to $500,000.I would look at places along the west coast of Michigan, Grand Rapids, Kalamazoo, and near Ann Arbor, MI.It is important to understand the local STR regulations in each community and partner with a property management company that can help your navigate that and manage it well for an excellent guest experience.Don't forget to look into bonus depreciation and doing a cost segregation study to increase the tax benefits of ownership and if you "materially participate" in the management of the property per IRS guidelines it can offset active W-2 income which most real estate cannot.To Your Success!

I just starting using truepeoplesearch.com as well. 

I currently use Wells Fargo and it’s a pain in the butt to keep going there in person and setting up a security deposit account.

I see value in working with people who want Midwest entry level homes and as well as the higher end New Construction stuff in growth markets.

We do well with ours in Denver and Colorado Springs, for instance.