Former Long Island guy here, now living down where all Long Islanders seem to migrate to. . .Florida.Anyway, that market has always been a tough nut to crack. 

And I am always refining it, a continuous work in action striving to achieve the mirage on the horizon called "perfection". 10% for PM is a nuts figure, FYI.

But of course, lease term would matter before you go nuts changing your investment property.

I am definitely a small fish in a big pond, however I am determined to make this work.

The fish town area would be a good start!

Hotel rooms are usually filled near capacity during the Summer/hunting/fishing season. 

Hello BP family, I’m currently living on a 200ft fishing vessel traveling around the Greater Pacific Ocean.

Housing across the US is nuts

The recommended entry budget is the starting point for your investment amount where you will begin to find a profitable short-term rental.Panhandle–Beach destination; somewhat seasonal; recommended entry budget: $500K South West–Beach destination/snowbirds; somewhat seasonal; $400KCentral East–Beach and events destination; seasonal; $280KCentral West–Beach destination; mostly seasonal; $400KSouth East–Beach and resort destination; year-round rentals; $500KCentral–Theme park destination(events/resort/family); year round market; $300KFlorida Keys–Beach, boating, fishing, family destination; mostly seasonal; $500K

The least destructive way to check for a leak would be to insert one of those fish cameras into the register (like the ones used in cars to check cylinder condition).