This is why is is extremely important that you use local resources who own STR's in the area or manage them at a bare minimum.

We have a Chicago general contracting business, and handling the field operations is a ridiculously heavy lift.As far as finding customers I think you'll have some good success with gorillia marking at some of the local investor meetups. 

A local bank relationship How did you add value to the deal?

We are in the Las Vegas area , decided to go with two well know local property management companies .

Tenants have come mostly by word of mouth through some local tradesman.

House prices, as we all know are local, but are going to be more based off inventory and local affordability.

I recommend you research the local section 8 program. 

I would check your state and local regulations. 

I’m a local Pittsburgh Wholesaler and ex Army Vet.

Many local banks/CU's will go to 85% CLTV.