This means they will have practically complete control over whom to rent, how much to rent for, and how much to charge for repairs, etc.

You have less control with a property like this when compared to other asset classes.The upside here is that it seems there is room for negotiation because of the below-market rent tenants.If you're looking to put down $200-250K, I would recommend looking into a multifamily property, especially one with additional income potential. 

Outside of real estate, I enjoy spending time with family and friends and convincing myself I am getting better at golf each year! 

Quote from @Devin James: Quote from @Jay Hinrichs: for us we do very little marketing we rely on MLS what we do to compete is spend an extra 10k or so per house with upgrades other builders simply wont do..

Well owners who already had section 8 tenants in place didn't want to spend $5, $10, $15k or more upgraded a unit that has a tenant in place just to maintain the rents they had (or have a slight increase) so a lot of section 8 approved properties stopped taking section 8.Right after COVID though, it seems that section 8 has lowered their standards a bit.

He is from a country where he spends 20 years of his life in war.

Ramsha - most of the regulation for a STR is controlled by the neighborhood HOA.

Spend time reading through posts in the forum.Get and read Avery Carl's book.

I only find this interesting because she spends her days commenting on Marco Island posts.She proceeds to send me a long private message saying that she found me on a "scammer website".  

That doesn't mean that you to spend loads of money, but just be self aware if you stink at design like me.Just curious - where is the property?