You can find that most places in the country.

I bought my house in NJ, but looking in the North Eastern Region of PA where I can gross 2k a month on a 4 unit property.

I live on the other side of the country - 3 time zones earlier than my STR, so when I have guests staying, I wake up about 6 AM my time to check my phone, to make sure I see any early morning messages or problems.

I do these loans all over the country and have never had those as conditions.  

He has a few out of country STRs.

There are lenders around the country offering those products.

He's exclusively PML up and down the eastern shore.

Right now commercial rates are more like 6% with a point. the only loans from banks I see tied to prime are vertical construction loans or horizontal construction loans.I had the same issue with I had maxed out my rental loans with lenders like Country wide and Wells fargo that reported to fico..

Why are U.S. real estate commissions more than 3x higher than in almost any other rich country?

It's a big country and if you look off the beaten path you can still make money with a STR.