Wait until the government wipes out your business and livelihood with unconstitutional laws in the name of "public safety."

Long-Stay Rentals give legal safety but not as much money.

I found something I am interested in and the numbers look good all around but my main concern is safety as the southern part of Bloomfield does not seem to have the most stellar reputation.

Understand the seasonality of your chosen area, as some beach towns have a strong year-round appeal, while others peak during specific seasons.Since you’re not prioritizing immediate cash flow, focus on properties with strong appreciation potential.

Then, I searched for new or almost new gated Townhomes and finally paid Cash for a 1500 3/1 with garage and pool, in a 17 unit community with low HOA in Valrico on the North side of Hwy 60 for peace and quiet and safety while I travel.

Like for me I have a business I enjoy that produces active income I don't see myself stepping out of anytime soon, so I am prioritizing the nicer areas/properties that might not cash flow as much right now but will in the future and provide me with good depreciation to offset active income right now.Just such a personalized thing that doesn't have a one size fits all approach.  

Sounds like I should prioritize that given the current situation with IRS. 

CO landlords can still evict for all of the common grounds for eviction: nonpayment of rent, violation of lease terms, damage to property, disturbing the peace, health and safety violations, illegal activities etc. and can also still evict if they plan to conduct repairs or renovations, property demo or conversion, move in to the unit themselves or have a family member move in, withdraw the property from the rental market, or if the tenant refuses to sign a new lease with reasonable terms. 

Since most rehab funds are non-Dutch, meaning you don't pay interest unless used, it acts as a safety net for hidden issues or new opportunities.

Sometimes a non-conforming space also helps with the numbers if you can find one that has egress and safety standards met.