In 2021 there were two competing ballot measures that the citizens of Denver voted on - one measure from open-space advocates that would continue to prevent WIP from developing this parcel, the second measure sponsored by the WIP themselves that would exempt the property from the current zoning restrictions. 

Eventually the masses will catch on and then the model is tougher to continue to do. 

I hope things continue to improve for you.

@Jonathan Klemm my hope is to continue to look for opportunities, primarily multi-family but also SFR. 

Any laws against repaying the loan in stocks instead of actual cash?

And while yes, no one has the same pricing (combination of factors), I also continue to check on a regular basis our rankings and how we "present" on total costs per stay vs. our competitors.My gut says there is price creep and we might have a ways to go before the market really corrects.

Knowing your long-term plans can help you build a long-term financing strategy so that you are not just worried about purchase number 4, but also purchases 5 - 20+ (if you plan to continue to invest).I'm an investor and licensed mortgage broker.

You can click that box and continue with your post. 

@Ricky Smith if you continue to expand, how will you hire help w/o a PMC set up?

Wishing you continued success as well!