Also, how do you factor or account for an area/town that experiences lots of seasonal tourism, compared to the town that does not? 

.- It costs me me less to turn over my 1500 SF units that rent for $3k/m then it does the same size section 8 unit because the property is cared for better and experiences less  wear and tear while fixed costs like cleaning and painting are easier to absorb. 

Also, long term, I expect Sac will enact tougher restrictions on STR, given the intense housing crunch we're experience, so I personally don't expect that to a be a good long term strategy.

Currently,I don't have any experience in RE investing but highly motivated to start it asap.

- Given your experience level, without an inspection, I'd turn around and walk away.

Starting with an owner-occupied duplex is a smart way to build equity and gain experience.

how much experience do you have?  

I have no experience in those countries but I do in South Africa with there VAT. 

Quote from @Braeden Warg: Thank you for the clarification and information.I live in Cabarrus County and have experience in residential and commercial construction.

I would love to hear from others doing flix and flip in NYC on their experience on doing this business.