Why try to take a neighborhood on yourself when it sounds like there is also neighborhoods around you where you can ride the the wave?

However, It sounds like you might not have ever done a short term rental before so I would take your question back one step to make sure that STRs is what you truly want to do. 

@Adam Mittermeier  On the surface this just doesn't sound like a deal. 

Doesn't sound like there are high enough margins in the first place.

Sound idea?

But, the podcasts and YouTube videos sounds like a great idea and I'll have to do some exploring.

This doesn't sound ideal for me in a rising interest rate environment.3) please provide any advice you have when comes to using owner financing, things to watch out for.Many thanks

@Eric Schwake It sounds like you have done all you can as pre - due diligence. 

Sounds like a good deal with solid upside @Ben Leybovich and @Garison Clemens.Re the 50k, I understand how the inspector and the PM feel about it, but if you are getting a good deal there and want to keep you name clean from been re trader then perhaps just raise the 50k.

It doesn't sound like you have a reputable insurance company.