@Whitney Hutten got it use the current market as the measure...ranch 3/1-3/2.

Several City Council members are adamant supporters of such measures.

(Months of the inventory measures supply and demand.

I've been looking at the CS market and have aimed farther south in Pueblo.

I think it's better to  measure twice and cut once, so take my time. 

He founded Cohobnb, a Short-Term Rental Management company, and now manages over 50 STR properties hosting over 1,000 guests.Concerned with STRs in NWA, Logan formed the Arkansas Short Term Rentals Alliance (ASTRA) to provide input and monitor activities related to STR measures.

@Jenna Bamlet - I would aim for a traditional loan if possible (@Christian Hansen's advice is spot on). 

For example:- Aim to have 50 deals in your inbox each week that meet your criteria (that's 10 deal M-F)- Analyze 15 each week (that's 3 deals M-F)- Offer on 5 (that's 1 deal M-F)Setting goals like this doesn't mean you will hit them every week, but it will train you to be appropriate in the moment and do the volume you will need to do to get started. 

As mentioned previously try to aim for the 1% rule, with a $197k purchase price, you'd want $1970 in gross rent.All that being said, kudos on your first property, much better to get your primary mortgage subsidized by a tenant than you pay 100% out of your pocket.

This was great news and the lesson learned was to always have the material tested before taking drastic measures to remove it.