That guy's STR is actually in a quiet gated community where people go on holiday to relax.We are the "Urban Oasis" in the middle of the city, so that might very well indicate our guests tend to be people who expect some noise.I disagree with those who say it will mean bad reviews. 

If rents rise more slowly than inflation, your purchasing power falls—even though rents are going up.Why Location MattersIf inflation averages 4% and rents grow only 2%, your real buying power declines over time.If inflation averages 4% and rents grow 7%, your real buying power increases.The city where you invest determines how fast your rent can grow (and the appreciation rate): population growth, job growth, and personal income growth, etc.Real estate is a hedge against inflation only if you buy in a city where rents increase faster than inflation (the historic trend is a good indicator).Rental Income Can Be More Stable Than StocksStock prices (and your wealth) can swing wildly.

As indicated, I am not that patient.  

Seems like a lot of effort for something James wise indicates is not an issue in Cleveland.  

No hype, no BS, just what we see based on market indicators and our experience as real estate investors. 

We’re homeowners evaluating launch timing and demand for a Coming Soon single-family home in Marana, AZ (85658) and looking for feedback on how others interpret early indicators before a listing goes live.

So even if it's not needed for the type of loan if business purpose / an investment property loan, it can potentially indicate a level of education and professionalism that not all mortgage brokers and lenders have. 

The customer does not want any surprises.4) Write a Proposal/Estimate and have customer sign indicating acceptance. 

With such large and costly development, these areas seem likely to out appreciate the general local RE market.The post that indicated live where you want and purchase in landlord friendly cash flow markets is not good advice for most newbie investors.Live where you want and start your RE investing local.  

Ken, if you have had no applications after several months, that is a strong indication the issue is likely pricing, marketing or both.