In comparison, we moved out of our first Colorado Springs home in November 23' and we are just barely breaking even as a LTR. 

Below is a comparison of three states with no state income tax.Sources for insurance and property taxes: Insurance - ValuePenguin, State Property Tax Rates - Rocket Mortgage.In order to demonstrate the impact of taxes and insurance on net rental income, I compared the overhead costs of a $400,000 property in three different states.

How much time and effort do we put into analyzing the location of the property in comparison?

the way the DSCR ratio is calculated for example on a loan is the comparison of rent vs the mortgage payment plus taxes and insurance 

There's still the elements of 1) there's not a lot of 2-4 unit properties in comparison to SFH and 2) the average family doesn't want to purchase a 2-4 unit property. 

Homeowner's and flood insurance can be considerably lower than in other coastal areas, especially in comparison to States with prohibitive property insurance markets such as Florida.

In the beginning it might be all fun and games with X's & O's and spreadsheets of mortgage quote comparisons but when it comes down to the end of the contract date, it'll boil down to how stressful (it was or wasn't) and how direct the mortgage professional was in caring enough to get it closed.

Although most cities and counties have implemented STR rules or restrictions, in comparison to other regions active and licensable vacation rentals in Oregon are still very acquirable.

Why aren't we on that comparison? 

In comparison to LTR, STR suffers a very small portion of the damage LTR's do.