I've been in deals with capital calls, distributions suspended for over a year, but in almost evert case the operator was able to navigate the problem and beat pro-forma total return / IRR / equity multiple. 

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I had heard about this and was interested to hear how others had navigated these potential roadblocks prior to purchasing.

However, with my disappointment due to the foreclosure, I'm at a loss on how to navigate.

Make sure to connect with a local agent there who can help you navigate the neighborhoods.

Rather than starting a new thread I figured I would continue my list of questions here so this thread can be a resource for others as they navigate through their own start into STR’s.Do you provide lines or do rental?

I'm finding there are a ton of agents on here, trying to navigate it all.  

If I'm prepared for these scenarios I believe I can navigate through the storm. 

You may also want to think about working with a real estate agent who has experience with investment properties and can help you find the right property and navigate the buying process.Overall, it sounds like you are on the right track and are making smart financial decisions.

Therefore, it's advisable to consult with a local land use attorney or planning consultant to help navigate the process and ensure compliance with all relevant regulations.