The location and access to amenities make it a super desirable area so you need to keep an eye on inventory and competition.

I would suggest going local first, if you can't locate a local lender that meets your needs, try the DSCR route.

I.e. if this property were located in Oakbrook/Centerville versus Miami Chapel/West Dayton, you will have a dramatic shift in price and operational ease.I would talk to brokers in the area.  

where is this located? 

You have any good thread reads and location suggestions for OOS? 

Is it realistic to pass material participation test if the property located far from primary residence, like vacation rental?

The system generates a unique access code, which is only sent when prospects are within the property's location and during their scheduled showing time.

We have an airbnb in PHX and winter is our best months of the year so it really depends where the property is located. 

Lots of people on here have great advice regarding location. 

Not sure what the layout looks like or location - but in a solid location, which I'm assuming since it's an STR, you should be able to in the ball north of $800-1000 per room and even more so for the rooms with private baths.