If he handed it off to a full-service STR management company -- assuming a 25% fee going to them -- he'd cash flow $2,235.More detailsThe purchaseWe track the Airbnb laws in Colorado closely and just last year three cities actually opened up their rules to allow non-owner occupied short-term rentals.

@Troy Forney Here is an interesting perspective I heard from a co-worker who is a lender who has much more experience than me and has seen a few cycles.

Co grants on your new job!

Personally, I’ve been able to keep a full time job (working 40+ hrs/week) while remotely coordinating construction.  

In terms of TV mounts, I recommend the previous advice about making your wishes clearly known to your tenants about you require that they coordinate the installation through your handyman or a trusted professional handyman, and they will leave the mount and all its pieces upon departure or properly patch the spots (usually requires repainting the whole wall).

After you find your home and before you buy it set up an LLC and buy it in the name of the LLC (assuming a cash buyer, if a mortgage buyer, then no, mortgage co likely will not allow it).Either way, get enough property and general liability insurance (1M general liability for a SFH should be good).  

If anyone has leads on some contacts for me to try out here in Colorado, please let me know.

Need more information as to your plan.A  co-borrower can make the owner occupant look better but the lowest middle mortgage FICO is used and everyone signs the note.

And I assume they factor payroll using their inhouse property management co. but I agree I'd probably 2-3x that. 

Small multifamily, provide local housing, numbers looked good which is hard to find in this area with long term tenants, rapidly appreciating area in the mountains of Colorado close to Breckenridge.