The important thing is that you evaluate your goals for what you want your real estate to do for you, and then adjust your criteria and approach to align with those goals.

I am evaluating some properties in STL as well.

Lenders who offer fix and flip products will almost always offer 100% of the rehab budget to ensure that the property reaches the ARV evaluation.

A call to the home's HOA is a definite first step to evaluate any STR opportunity.

Just looking for advice as to what additional things I may need to consider when evaluating this place.

Jeremy:Time to re-evaluate your thoughts on debt.   

@Stuart Grazier thank you for your evaluation of rentals.

It’s rather odd that an investment forum would have “investors” posting about “cruel and unjust” landlords denying tenants with pit bulls, and that the love of the pit bull is the preferred method of evaluating risk over statistical data.

If it's a PM, evaluate the pictures and listing description.

In my experience, commercial lenders will be looking at your personal finances, but more importantly, they'll be evaluating the deal itself (DSCR, historical vacancy, appraisal, etc.) and investor experience.