Any insights on rental demand, tenant turnover, or local regulations?

If you can't leave NY, I really wouldn't try to do a BRRR from that far away unless you have someone you trust who is local.

This can provide a better depreciation benefit than traditional STR real estate.If permanently affixed to land, it qualifies for real estate depreciation (27.5 years for residential properties).Considerations:Zoning laws and campground restrictions may impact legality.Self-employment tax risk arises if you provide substantial guest services.Vacation home rules apply if personal use exceeds 14 days or 10% of rental days, limiting deductions.Audit risk is high, so keep detailed records of participation, expenses, and rental operations.Given the potential tax benefits and complexities, consulting a real estate tax professional is advised to ensure compliance and maximize deductions.This post does not create a CPA-Client relationship.

You picked a great community to join.. have you checked out local comps to gauge the market vibe yet?

I know several local companies that really actually want to do a good job so they don't charge anything to cancel the contract.

. - There are cheap ways for you to enter your local market due to OO financing that is not available OOS. 

Great local property managers are not plentiful, and of those, most are selective about the areas they work so you want to connect with one of them early and often.

I would recommend looking into local real estate meet-ups and networking with investors to get yourself on wholesalers email lists when they send out their deals.Hope this helps!

The PM will also fix things when needed, using local handymen or contractors, and collect the rent for you.

They moved in and within 24 hours sent the following letter (names have been changed): "Hi Dawn and Brian,Sindy and I are frustrated, disappointed, and really struggling with the idea of moving forward with the move into your home.We realize this is the first time you have rented a property to someone, and may not be aware of the responsibilities that landlords have, and want to inform you that there are habitability issues with the home that are quite literally against the law, pursuant to Colorado’s Warranty of Habitability Law, CRS §§ 38-12-501 et seq.