The company red tagged it.

The issue today is buying at a deep enough discount to be able to hit that refi hurdle. 

On patio space - there’s a deck across the front of the house that’s not more than 8 feet deep and not particularly useful for anything but maybe a bistro set or a pair of chairs.

That right there is enough of a red flag for me.

Thinner margins are a reflection of overall market conditions so you need to dig deep into the assumptions to understand the risk being taken to deliver those numbers.

In short, if you're not renting every week of July-August and every weekend of the winter, you're taking losses, particularly given the ridiculous prices I'm seeing new investors pay farther north in vacation areas like North Conway or the White Mountains.And looking solely at North Conway's recent court case is a red herring: plenty of small towns around the NH continue to enact knee-jerk reactions and excessive permitting/regulations as a reaction to STRs assumed role raising housing prices and shrinking supply for local residents.

"Deep Dish" on that? 

I'm sure there's money to be made there in real estate, but it seems to be heavily reliant on one industry (Army) which is a red flag for me when it comes to evaluating markets. 

I know that comes with much red tape with the different zoning laws.

You could sister it and/or dig & pour 24" deep concrete pads in the floor to support additional jackposts.