@Owen Schwaegerle We currently operate two systems at the moment.

Tell the brokers those specific criteria and the specific $ amount you're looking to spend (be sure to consider your 'all-in costs' including rehab, unless you want to do reno out of operations), as well as the 2 lenders you're working with. 

The risk seems to be less as you would vet the operator to make sure they do what they say they can do and have an established business with track record. 

@Aaron Zimmerman what are your thoughts regarding one operating account for all properties vs one for each property (no entity but STRs have a lot of transactions, ie a lot more than LTRs)

You can convert some of those expenses into operational expenses and deduct if you plan your timing correctly. 

Long term I think Albuquerque has a lot of undeveloped land to grow in population, and large employers are starting to move increase operations there.

I'm in Fort Collins and own/operate two STR's here.  

I'm currently looking at a duplex in my home town and found a PM who could help handle the operation.

I want to do this to set things up for how I plan to operate going forward with additional properties.

@Alex GallisPG isn’t the easiest operating town.