I have received recent quotes for LESTER building around 125k for a 40x80 so I'm doubling that , concrete not included.I feel like i can't loose with this strategy even charging $2 a square triple net for these units ?

I'll loose a lot less money and sleep keeping the property empty for another month than renting to tenants that destroy the property.And your statement regarding must rent to the 1st qualified applicant. 

The city you live in at any point could just create restrictions on STRs and you will loose your ***.  

So now I'm faced with the potential of loosing EVERYTHING job, house, car, wife...Finally I stopped focusing on what was wrong and focused on the solutions. 

I agree that we move on and focus on recovering the lost money and not loose faith in ourselves or legitimate partners. 

As to the $120k estimate, I am probably a little hasty and loose with that too. 

I am in danger of loosing the home and as this one would be my first home it is pretty devastating.

If they start loosing interest in being a landlord, rents start to slip.Real estate is an inefficient, messy market.

Even if city looses, they'll probably make things difficult on operators with all kinds of rules and regs like many other cities. 

Many a syndicator is setup to, in general, be "heads we win, tails you loose" when you look at all the tiers/falls, flows, fees and OA rules.