STRs are one of the best ways right now to purchase cash flow producing property in Colorado.

Just know that in a few years, you might be a little frustrated at the relatively small cash flow compared to the large number of units/tenants, even if it produces a pretty good return. 

Prime income producing properties are selling quickly with significant interest, albeit after a brief stall as rates spiked at the beginning of Q4 2022. 

That’s awesome and congrats on taking the first steps of what will be an incredible journey. 

The property in its 5th year will have paid my purchase price back and will continue to produce around $1000 fcf a month.

Full Rehab will produce a great ARV and allow us to pull all our cash out What was the outcome?

This is incredibly helpful.

It drops down over time as you get established.A 25 year veteran I know has a solid team in place, his Realtor and other referral partner network, lots of past clients in place, does zero marketing/outreach, is a top 1% producer.... and lives in Europe about 40 weeks out of the year.

The good news is there is now more of a need for rentals, the bad news is rentals may not produce as much cash flow now.

Flips are becoming riskier as people are becoming extremely picky on their purchase and they will buy but you need to produce quality products, which again, squeezes margins.