We have over 5 years of experience owning and renting long term and recently short term as well.

The highly effective path to accumulating wealth in rapid time is the same, unhyped, path it’s always been:- Radically cut back on expenses by getting roommates, living in the smallest bedroom in the basement or attic for a few years, and househacking or renting cheaply.- Bike or walk to work- pack lunch and learn to cook.- Read a new business book or equivalent every week for years.- Amass liquidity as rapidly as possible.- Use that liquidity to purchase real estate or take shots at small business entreneurship.To more directly answer your question though, I think that the “live in flip” is one area that seems appealing right now, in Denver.

I appreciate all the insight and for the most part I do agree with you all on this being the typical experience with STR's.

I would be happy to talk or meet-up to talk about our experience.

As Columbia Market Sales Manager, Chris points out below the iterative journey of change we all experience in high school and as a beginning real estate professional persists even at the highest level of high finance and development.

For a DSCR loan, whomever has the higher FICO score, i since these loans use FICO, Experience and property numbers to determine rate and LTV. 

What has been your experience with LENDBASE? 

House hacking will also give you some personal "property management" experience.

In my experience, the main reason for the construction "anxiety" from OOS investors is due to the lack or inability to develop real trust with an experienced GC.

Most agents and buyers thinking that dropping the price is the better option forgets that dropping the price means you are effectively setting the comp for that neighborhood.