Attend some local real estate meet ups and make some good friends, you may not be able to participate in deals but you'll have your toes in the water.

I'm hoping maybe some local Denver, or well versed STR people can point me in the right direction.Here's are the questions: Are there only a limited number of licenses Wheat Ridge is allowing? 

I recommend spending a couple nights in the unit so you have the perspective of a guest to notice anything you are missing or need and develop a check list for your cleaners and/or property manager.Your agent should be advising you on all of this and more and have local contacts for you. 

The local economy is supported by several diverse sectors including healthcare, manufacturing, and retail, which sustains employment levels and underpins rental demand.

You have to be a local operator to really know anything. 

I have an existing HELOC through a local bank with balance of $100,000.

I would also double check all of your lease documents and make sure everything is in compliance with the local ordinances.

Local to my primary residence.

I normally invite locals to the meetups.

Also important is being able to find a reliable property manager in the area.I'd love to hear from local investors – am I looking at the right areas?