Naturally, they are your competition and the daily rates need to be taken into account.

Here’s what I recommend instead:Offer Value Beyond Price: Rather than just lowering your rates, focus on adding value to the guest experience.

They have had 100% occupancy at market rates and currently bring in around $2,000 per month in cash flow.

This influx is limiting rent growth nationwide, particularly in the Sun Belt, where oversupply has led to rent declines.Nationwide, vacancy rates edged down to 7.8% as move-ins outpaced move-outs.

It's definitely possible to get a loan as a foreigner but the rates will be high(er) and the downpayment required will be as well.

.✅ Denver - April - $610,200✅ Westminster - April - $570,000✅ Arvada - June - $655,000✅ Thornton - June - $560,000✅ Lakewood - June - $605,000✅ Englewood - July - $600,000✅ Morrison - June - $968,000✅ Conifer - January - $872,500✅ Evergreen - April - $1,200,000✅ Golden - May - $1,025,000✅ Littleton - April - $680,500✅ Parker - July - $715,000Certainly these months/time frames can change in 2025 depending on mortgage rates, inventory in your city, etc.But, if all remained constant, this gives you a ballpark idea of time of year to net the most money

The advantages is that you can buy with low money down and will get a better interest rate.

I'd wait this one out until rates lower and you can refi and learn from it to buy better the next time around. 

That worked well when rates were 3.5% but that "strategy" no longer exists.

Here's a bit more in detail about how rates are calculated for DSCR loans:1.