Hi Sharon,It sounds like you're in a situation that requires careful consideration of various factors, both financial and related to the property's condition.

So it sounds like Colorado is tough to find ski STR opportunities given high cost of entry or STR restrictions.I'll look into NV?

And they look stick-built upon completion, and can be financed as such as well.

Sounds like you're already on the right track Joe.

To avoid this, you can first go to Opt Out Link, scroll down to “Electronic Opt Out for 5 Years”, complete the form, and submit.

And lots of other goodies, which I won't bore you with cause it will sound like self promotion, which isn't my intention here.

As someone looking into real estate investing (currently trying to find an affordable multifamily to house hack), it seems like its going to be difficult finding funding as most properties that aren't in complete disrepair are close to 200k, and dealing with the properties that do even fall below 110k seem like giant investments in terms of how much work, structural and big ticket fixes, where losing money on a deal seems much more possible than making money. 

This got me thinking....I, like you it sounds, have the skill set to do many of the repairs myself.

It sounds like we would end up paying more in LLC fees as well as losing our anonymity anyway.Again, I really appreciate your input and am keeping all of this in mind. 

If there is no complete disclosure to the seller of the risks involved, a disaster is just waiting to happen.