Very reliable and flexible rates are often more competitive then brokerage lenders or banks.

But in the competitive Los Angeles market, I had to put up additional cash on top of the deal in order to have my loan taken seriously.

Get pre-approved for a mortgage, conduct a thorough inspection, and be patient in the competitive LA market.Good luck!

Check out their stats page on Wichita so you can see who is searching, how many units are available, pricing and then do a property search to see what the competition looks like and how full their calendars are. https://www.furnishedfinder.com/stats?

I imagine there are a lot of 3/2 that probably sleep 8-10 and if you can offer a slightly larger bed count and a cool game room/theme room you can differentiate yourself a bit from your competition and get some extra revenue through slightly higher rate (extra person fees, etc) as well as an overall higher occupancy. 

Most great markets are competitive and you are generally taking a risk trying to jump in a 'trendy' market.

However, Even in the most competitive (Sedona) STR market, only 5% of home owners use the formula that gives huge occupancy and prime market ADR, resulting in a strong ROI.

There are challenges everywhere for different reasons -- weather, building codes, tenant culture, competitive market, high cost of labor. 

@Brandon BarrCheck out the STR competition and see if there are any local Meetups you can attend.

Depending on the current environment and competitiveness of the market it can sometimes be hard to find the same yield for the same risk.