I spoke with someone from Asset Based Lending about obtaining financing, but was told that the commercial zoning is a problem as they don't do commercial loans unless it is multi-family. 

It’s definitely a strategy that works, plenty of Section 8 coaches will vouch here but it comes with its own set of problem.

Same problem as above.

@Richard Badamo you're welcome.The increase in tourism is no cure for the problem, as it brings more supply and more competition.

This will translate to them charging what may seem like a lot of money for a small problem, as the chances of having to deal with a problem for an extended period of time are real from that point on.That being said, if the other landlord is being unreasonable and requires a contractor to do the work, you may not really have a work-around.

Is the problem a lack of lenders or is there a problem with you as a borrower?

A bad tenant is ones worst nightmare, especially on your first rental.SO I see the problem as not vetting the property, and not vetting the tenant.

Find a manager who excels at containing and eliminating the problem as quickly as possible.Do they provide eviction insurance?

This is my first year running an STR, and I ran into this problem a few times over the summer.

It also can help avoid surprises like a costly plumbing problem, a failing roof or an outdated electrical panel that could cause financially stretched buyers to bolt before closing.”What’s a Pre-Listing Inspection?