It's a business with incredible value in terms of stable, predictable revenue and as a retirement asset. 

I'm interested in long-term real estate, house hacking, and BRRRR. 

I would love to make this a medium term rental if you have ideas . . .

I’m now scrambling to get 7 long term rental properties insured because of their gross incompetence.

That is where our time and effort gets us paid, and gets you a good home for a price you want. 

Do you seriously see this as a long term situation???

The greatest saturation is found with STR in residential neighborhoods.Summertime in Borrego Springs is similar to Joshua Tree in terms of temperatures and you need to be careful about floods in Borrengo Springs as the majority of the town is in a flood zone. 

And what I am personally seeing the Market place today.Commercial bank/ community bank were you have significant deposit relationship and long term relation ship..   7 to 10% plus 1/2 to 1.5 points.. these are relationship and experience and capacity lenders..

Here are the terms: Purchase Price: 255,500Loan Value: 229,950Sellers Credit: 15,000Down Payment: 25,550 (10%)Debt Payoff: ~22,000Interest Rate 8.12%This high debt payoff has doubled since I initially started this process (at first it was 10K) and lender is telling me it's due to the interest rate increases. 

There are some "lenders" out there who "do" incredibly high leverage or 100% financing, but be wary of these as they often try to renegotiate terms before closing/run out of capital/go bankrupt.