Any information on the pros and cons, and where I can get a Colorado specific lease agreement would be helpful if we do plan on going the self managed route. 

Airport proposal was on going, 4 months after, boom, it was approved and construction started immediately.

Based on my research they have several ongoing syndication deals underway ( 5 months- 1 year and half ownership).

On the other hand, buying for rental income provides a more stable and passive income stream, but it requires ongoing management and may be subject to market risks.The decision to buy properties to flip or for rental income depends on individual investment goals, risk tolerance, and market conditions.

I am a former buy and hold investor (rental co-op, condo and SFH) and multi-family property manager seeking to transition to owner-occupied, SFH, 1st position NPN.As a newbie to notes, the Note Assitance Program, especially including its Note Lab, has been suggested as the best program to become educated about notes that is also inclusive of ongoing hands-on guidance, support and resources for IMPLEMENTING THE KNOWLEDGE to build a successful business.

-- Is there some other way I'm not thinking of to bake the renovation costs into my ongoing monthly payments (i.e., reducing my upfront investment)?

My family has also been receiving a lot of direct mail marketing lately so it seems like there's a lot of ongoing investor activity. 

Typically I try to leverage somebody on the ground who has a ongoing relationship.

Then ongoing support on planning.

Fix and Flips and BRRRs are more work so obviously if I don't want to invest that time and that money then that wouldn't be the strategy for me.With STRs, the cash flow potential is reported to be higher from what I read, assuming you buy the right property, and understand the ongoing costs.