Can anyone guide me on how to look at this from an investor perspective? 

Definitely that was money making time in terms of operations and appreciation as well.Things have changed now, there is so many STRs now that people are renting for 100-150 USD a night which is like a motel price.Now it may make sense from the perspective of, if Poconos is where you travel a lot with family or you are buying full cash to park the money, or tax strategy or various other personal reasons could be there where it might make sense to invest there.But coming in from the perspective of an investor who are new or have little experience and are trying to build wealth from not too heavy asset portfolio.

This may be more of a question for a lawyer, but from a tax perspective, that's my input.It's also worth looking at the sec. 121 home sale gain exclusion to see if it might be something you qualify for in order to take advantage of the exclusion amount since you mentioned it was a previous primary residence.

Make sure that strategy fits into your investing time horizon and goals and makes sense from a return perspective. 

If they are so easy to rent, then why are they vacant.If we look at it strictly on a numbers perspective and we assume everything you said was correct, we'd have $93,600 of stabilized revenue.

Also any STR locations that are viable options fron cash flow perspective and friendly regulations?  

Unfortunately this is not an option for us as there is no inventory available nearby, and NYC prices are out of range... so we are shifting our perspective to possible out-of-state investing in order to get started down the path.

Any return will be great so many are not returning anything and asking for Cash calls.from my personal perspective I would do anything I could to NOT syndicate and subject yourself to those risks in case the deals don't work .. they don't work and you get massacred on SM etc etc.Myself I would, if you need partners go for just a very few in more of a JV format with you as the managing member.. 

Don't hesitate to reach out for other tips from the lender perspective. 

Their experience and unbiased perspective can provide critical insights that would otherwise go unnoticed.