Since the market pre-May 2022 just is not comparable anymore I am interested in anyone who has done this in CFL from around May 2022 onward successfully and how it went.The goal would be to aquire a STR that would cash flow itself, or at worst break even and also use that to maximize deductions to lower W2 federal income tax.

It follows the sales price, so if you are in an area where the taxes jump they revalue your house compared to those around you.

Fortunately I was able to get out of my contract with comparatively minimal loss. 

The time it takes compared to easy money of just sending a letter does not warrant it when there are so many that will pay upon receipt of the letter.  

Are the property costs reasonable compared to the USA even though it's high in Peru?  

One common obstacle is dealing with higher interest rates compared to traditional financing, which can impact profit margins.

You can close in the business name/LLC here.You are not required to have your investment property in the business name, however, some lenders and bank may require it if they are a purely business purpose, lending institution who servicing companies, mandate commercial purpose only.And yes, finally you can get landlord insurance.I recommend shopping around and comparing a few quotes to get started happy to connect to talk further strategy and detail.

Also, compare it to other returns you can get in the market.

If I pull up my market in AirDNA, and scroll down in the comps to find my actual house, the revenue it says I'm making is not very accurate compared to the revenue I'm actually making. 

I'd agree with @Devin Peterson, best way to get this answered is to get a few quotes from different lenders and compare - either on BP Find a Lender or just googling (also if you post a version of this in the Classifieds subforum - or it might get moved there, you can interact directly with DSCR Lenders here - although this subforum is more about technical questions).