Average build time right now is 6-8 months.Your unit will be on Septic and Well.  

Colorado is considered a “caveat emptor” state, aka buyer beware so the onus is mostly on the buyer to uncover any issues during their due diligence time period.

Quote from @Powell DiGangi: My guest policy is no more than ten days per month for any given person, which covers a boyfriend/girlfriend staying over on the weekends or a family member visiting. 30 days is a long time.

And under that definition, because there was no minimum time in the CZO for how long someone needed to occupy a structure to be considered "living" there, the court used literal dictionary definitions (standard practice in NH as can be seen in the similar case Working Stiff Partners v City of Portsmouth) to determine what constituted "living as a household" as it concerns STRs.The court explicity rejected the idea that this ruling should have larger implications for STRs around the state, and it certainly did not at all in any way prevent municipalities from regulating STRs.

I ended up living here longer because I got into real estate full time and didn't have the energy to finish fixing up, but moved out a couple months ago and it's almost ready to rent out as 2 units for Airbnb's or mid-term.

Aloha Lilianna,The best time to buy a real estate for the long haul is always when others are selling left and right or during crisis.

At the time, the condos were worth maybe 200k.

I know month to month leases could be an option for the time being as well.

A common issue is supply and demand effected by population changes, construction, economic issues, the job market and location.Personally I haven't seen vacancy issues at this time,  but I have gone through cycles of vacancy issues.

It does get easier over time with knowledge and application, and once you have multiple properties, you can start to use leverage to buy others.