For example, this past Tuesday on the Fulton county auction they had a house that is listed in the MLS for $6 million and it was sold to the highest bidder for $1.2 Million.   

A room furnished through FF could easily fetch 800. 3 of them is 2400 or up to 3000 when that same house probably only will get low 2000 for rent.I don't think BP has leases for by the room (correct me if I'm wrong) but you can have an attorney draft one for not too much online OR use ChatGPT honestly these days.

This is a great way to start out for a million reasons.

Last year we saw just shy of 14 million visitors.While I know just the basics of the cabin you were looking at, there are a lot of variables and things to factor in when looking not just at the cabin itself but pulling apart and dissecting those numbers to make certain it makes sense.

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.

Insurance costs like that mean the majority of the value is in the building, not the land, so perhaps that $1.6 million property has a building value of $1.3 and land value of $300k.

Not this universe or any like this, but I guess there is a 1 in 1 million universe where we could be together.""

Please share below or DM me.Here are the details:33 Units, $4.5 Million.

You want to take millions of dollars from others with no experience and have someone just sign off on it? 

During Covid, the home could have easily went for $1 million.