If your goal is to get into short term rentals - analyze the deal to a point where it can still work as a longterm or midterm rental if short term doesn't perform as expected. 

Some of the places that are devastated right now were at the top of lists of places that were expected to be the most resilient to the affects of climate change. 

@Ali L. actually, in our experience, the problem is investors buying Class C & D rentals expecting Class A results.

- We experience many owners buying Class C rentals, yet expecting Class A results - that won't happen.

Create a Solid Business Plan: Outline your investment strategy, including expected rental income, expenses, and occupancy rates.

Sometimes these insurance contracts come in legal sized paper- possibly a harbinger of what you'll need to do to collect fairly from them, But always expect them to perform completely on the things which are in their financial favor.

Expecting an established CPA to give you a free personal consultation on the phone is not realistic.

Or try the reverse - rehab a property to Class A standards in a Class D neighborhood and try to get a Class A or B tenant to rent it.Unfortunately, many newbie real estate investors are jumping into buying affordable Class C rentals - expecting Class A results.

Get that management company nailed down now, as they should have better marketing strategies so you can take those off your hands, and it allows you and the management company to align and manage expectations from day one. 

You may have to adjust your expectations.