.: EM doesn’t seem extremely low, just kinda low.

For example, I am a little concerned about some aspects of the business cycle recovery and a potential for a double-dip so I lean toward the safest part of capital stack which is debt (or low-debt equity).

I have not been concerned about negative cash flowing due to gaining so much equity. 

On other extreme let's look at that, a "good" STR business. 

What are your biggest concerns about the project?

So we didn't have an option, we were a bit concerned that guests would want Cable TV, but we couldn't do anything about it.

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

It only happened once, so you have no evidence that this is anything but an honest mistake that's been corrected.The bigger concern is the 583 credit score, because it shows a pattern of financial mismanagement.

This is located in a tourist lake/ski town with extremely high demand for lodging.  

I don't expect a swift recovery from Trump, without some extreme pain.