So I’m just trying to poke some holes in case they’re blind spots.

He specializes in taping, textureing, and repairing small holes.

Which is where you would be in my opinion if you went down the rabbit hole of pursuing this property based on the assumption of equity.The "original" loan amount means nothing whatsoever.

In Wyoming, I would consider Jackson Hole, and Cody as candidates for STRs being that they are gateways to Yellowstone National Park.

If you get in a hole early you're much more likely to cut your losses and get out completely. 

Time and frustration both have huge monetary value to someone so its up to each of us to figure out what is the most important for us.

Feel free to poke holes in my logic. 

@Carl FischerThank you Carl, but as I posted, I do have an SDIRA in which I currently hole notes.

I had an experience where a hole in the drywall, no bigger than the size of a fist, disqualified the home. 

That first picture reminds me of certain news stories....News stories that involve a group of people holed up or barricaded in a COMPOUND and surrounded by the ATF, the FBI, and state and local authorities.