I’ll continue to explore a couple other options in the meantime. 

I feel as if it's a great way to start but not always the best option as you grow and get better deals through connections.

Will ask lenders bout prepayment penalties and refinancing options as well.Alex

In the mean time we're looking at other STR and BRRRR options in Oregon and Washington. 

Pros and cons of each option even if you can't sell the branded one eventually? 

The only question is how many will come back, when coming back is an option. 

Lots of options as far as raising nightly rates as other STRs shut down, converting to MTR or LTR or doing an exchange to another state.

This might be an option for you.

If you are using a third-party site to conduct the background checks, sometimes they have the option to send a person, a denial letter, and due to the fair credit act it may be required to send them a notice, informing them that you checked their credit and background so that they have a receipt that it was completed.

Either would be a great option; I'd probably choose Roseville because it's more established, but the City of Elk Grove deserves a lot of credit for its impactful growth programs, so it wouldn't be a bad option.