In Oceanside, New non-hosted STRs are prohibited outside of the Coastal Zone as of February 10, 2024.Most HOA's do not allow rentals less than 30 days so that is likely not an option unless you find a couple of places on the water that allow it but usually tough to find below $1M. 

We’re looking to install a property management firm within the organization as a way to generate steady income and keep operations running.

You need a firm estimate for the remainder of the work as your funds are limited (like most people who don't have an endless amount of money). 

On the other hand, you stated that the management firm was charging 15% and had a 15k expense. 

I looked into the town of Catskill itself and what stumped me was the requirement for the host to be available within 30 min by automobile while occupied.

If you are looking to build connections specifically in the DFW metroplex I have been hosting a monthly meetup for the past 3 or so years, id love to connect and get you some more info! 

We host Free Meetups in Boston, Worcester, Lowell, Manchester, Portsmouth, and Biddeford. 3️⃣ BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat):Find distressed properties, add value through renovations, and refinance to pull most of your cash back out.

There is risk in both options & as an investor you need to weigh those risks & stand firm on whatever you decide. 

My work is mainly with investors and I co- host a women's investing in Allentown group.

I’m a complete rookie and novice in real estate investing, and I firmly believe in the “crawl before you walk or run” mentality.