I don't know what's right for you, and with the online resources today being able to manage remotely only gets easier and easier, but property management is still a very labor-intensive business on average, and I would guess that eventually, a problem will pop up that you wish you weren't the one that had to deal with it.

There are deals out there but they usually require a value add play.

At the time I was busy with my main business working with tax foreclosed properties, and I didn’t really have the time to do NPNs on the side, but it seemed like something I could expand into in the future so when Scott approached me with a JV (Joint Venture) proposition to passively invest in some CFDs he was buying it seemed like a great way to get some exposure to how these played out.

If really interested to vet the reality of the Proforma I would be happy to give many names that can speak to the integrity of our numbers and how they have played out in reality.  

Price has been reduced twice significantly so something else is likely at play. 

Next, if you are comfortable with the numbers a long term rental would provide, keep that as a back up strategy and play with the numbers a mid-term rental in this area would bring.

BRRRR is a capital intensive strategy.

Yes, this totally makes sense, but I'd like an Excel modeler that has this available to play with.

STR's are very labor intensive and need your consistent attention.

If you don't, or can't afford to pencil in short-term rental property management, you will be responsible yourself for a seamlessly running, response intensive, hospitality business focused on your guests.