I'm curious to connect with any other STR/ MTR owners in that area to get more info on resources that are in the area and what challenges/ successes you have had there. 

There are specific requirements such as what size drain line you can have in the kitchen and how much electrical power you can supply, no gas or propane.

He claimed if he didn't get the money he could not buy supplies to complete the job, which would be done in a week(I knew this wasn't true). 

One thing that is really challenging about this market is the huge number of agents and groups that are here.Thanks again!

The supply of rentals would be impacted, but the final impact will depend on the local market.

Challenges?

I know this is an unpopular opinion around here that you won’t see on the front page of the daily BiggerPockets newsletter, but it’s the truthI get where you're coming from, and I think you make some good points about the challenges of the short-term rental (STR) market right now—high housing prices, mortgage rates, and fierce competition.

As someone relatively young, obtaining a conventional loan has proven challenging for me.

I don't know if that is included in the total rent numbers the owner supplied. 

It's a challenging enough market with an abundance of bad actors.