Cash flowing parts of Galveston for STR?

[Lallu Tappu]

We're visiting Galveston from Dallas and fell in love with the island and our VRBO rental in the pointe west resort. So much so that we're thinking of buying a place of our own to rent out and stay when we want to. Preliminary research shows the HOA at Pointe West is over $1300/month which seems pretty high. We would need the unit rented at least a week every month just to make up for the HOA. Then there's the mortgage, PM and other expenses. Does anyone with experience on the island know if there really are properties that cash flow here after all things considered or is this not a good idea? Doing some back of the napkin math and listings on Redfin right now it doesn't look like anything listed right now makes sense from an investment perspective. Any insight or advice will be much appreciated. Thanks in advance!