One thing to take note of is that a lot of places that are established STR markets have regulations stating that you have to honor future bookings.

The reason I ask is that knowing the fast movers of the area may help you choose your project.Lastly, what kind of renovation budget have you established, and is it an upfront budget, or will you be contributing to it over the time that you live in the property and renovate it? 

I get having a driver's license to verify identity, but recording your head turning like a mug shot is a little much. 

I would include servicing costs of the loan and licensing costs.

Just be transparent with the sellers that you are licensed and for good grace recommend they use a realtor on their end, although not necessary. 

@Jonathan Blanco, I'm and investor and a licensed mortgage broker so I've been on both sides of this conversation.I would look for a lender that (1) listens to you and understands your strategy and needs (hint: it's not always money), (2) has experience working with clients executing your strategy and brings more to the table than just cash - be it advice, relationships, deal-team partners, etc., (3) gives you viable options and explains the pros and cons of each option and (4) you enjoy interacting with - this should be a relationship, not a transaction.Once you find a few lenders like this (and you should have relationships with more than one), then you can start comparing rates and fees.

Would it be a good idea to get a real estate license and work in real estate or are there other options to get in Missouri to get real estate experience without a license? 

I am currently working/studying on getting my RE license online.

But they would need to be licensed in NY . 

Establishing a good local team will be crucial for you.