The spacious front and backyard are surrounded by a peaceful forest, offering ultimate privacy.

I would strongly suggest you expand your search to the surrounding markets.

The surrounding homes are maybe $1800/mo.

It should be said that despite all the resistance and discourse surrounding STR's (which we won't get into here) it's important to remember that this is still a relatively new area for real estate.

Surrounded by deals, build up your arsenal so you not only have the knowledge to take action, but the resources both from a capital and a human power standpoint to capitalize on the situation.

It's also great to surround yourself with like minded people to keep you on the correct path.

I bet there is a lot of call for nice student housing in the area surrounding CU Boulder.

However, generally there are several active listings of actively licensed or operated STR's in Rockaway Beach and the immediate surrounding area. 

Housing in Portland and surrounds has also skyrocketed - and those pricing waves are also moving out in concentric circles.  

Recently, I have been doing research into new construction and there seems to be so much information surrounding this topic.