The good payment history transfers to their credit profile. 

Rates will generally be higher than conventional loans—typically in the 7-9% range—depending on your profile and market conditions.

I don't even want to circle back with the lawyer I originally engaged as I was not impressed with his support or follow up.  

That’s impressive!

After prolonged discussions, recent high-profile incidents at STR properties have finally sparked some action.

Hi William,It sounds like you've built an impressive portfolio over the last seven years, and congratulations on the substantial increase in your rent roll.

I worked with them on some marketing campaigns, they run a pretty solid operation and have access to some pretty impressive financing packages for their offerings. 

All of my contact information can be found on my profile! 

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.

I was under the impression that I could not pay myself from the cash flow out of the self directed IRA.