Hey there Tony, I am also trying to network with other investors in the Calgary area so if you have any success finding a meetup I'd love to know about it too- if I find anything I will send it your way. 

There are very successful STRs here, you just have to know the best areas to be profitable. 

You set your terms.

What kind of deal are you chasing in Reno—something immediate or a longer-term play?

If the latter, how does that look on a day to day in terms of operating, marketing, and the ownership structure?

A variety of things could have caused this.That said, what you've described above is not so untypical in terms of the steps of the process for a fix and flip loan.  

Keep it short and sweet: thank you for your application, the unit has been leased to an earlier applicant. 

I own 20 acres of land valued at approximately $80,000, and I want to build two short-term rental (STR) units on it.For context, my family already owns two long-term rental (LTR) units in the same general area.

Is it a viable option and what could I do to increase my success rate when taking this opportunity?

More exposure means more interest.Regarding your contract, you’ll need to check the agreement terms.