Design 6.

Also, if you form an LLC to hold the property, you will need a designated agent(attorney) in that state. 

Great amenities, great photos/drone shots, great design.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Those effected go well beyond the property owners, the economic contribution of RE and subsequent economic loss in the form of: management, maintenance, landscaping, caretaking, hospitality, tourism, contracting, designing, pools and gardening is economically catastrophic and will reverberate well beyond specific zip codes.

An idle brain/body just begins to get worse if you stop using them.

Since I'm taking such a cash hit, I asked the sellers agent if they would be able to designate some portion of the sale price ($200k?)

Then you'll need to find land, acquire it, find a spec home buyer and set up meetings to design plans or buy a set online with mods.

What I can also tell you is that as an owner in NY, the landlord laws are very much designed to protect a tenant as opposed to here in Detroit where the laws are designed more fairly to protect both the tenant and the landlord.

A major part of the success or failure of an STR investment is the design, furnishing and management plan.