If you live in a tourist area, Air BnB can make a much larger profit than a rental. 

But I'm just trying to get a sense of gross earnings to expect on these larger homes for when things do start to normalize hopefully by next summer or so with international tourists coming back and not having to do the whole 2 weeks of self quarantine, etc.

I would suppose that if you live in a tourist area, you could always perform as a AirBnB to make some money off of it.I guess it's possible to not pay the mortgage and let the bank continue sending you letters until they foreclose, but that is not a recommended action; unless you want to lose the home.  

If you buy beach front or very close in a tourist area you should never have to worry about an exit strategy into a LTR.

@Nick JacarusoHave a buddy who rents out his parents in-law $200 a night 90% occupied using to pay off his college bill.Spoke to a woman who bought an old Victorian in a tourist area in CA bunch of beds rents to tourist $200 a night per bed, huge cashflow 90% occupied she has someone living there and managing.Paul

I had to register with the county and state and charge tourist tax and sales tax.Have you tried to search online for landlord tenant laws in your county and state?

Born and raised and the tourists are still what drives this area.

I own and manage short term rentals in Orlando which is a city with high tourist volume and have never heard of a $150,000 home renting for more than $100-$120 per night.

I know it's a popular tourist destination and lots of large corporations have opened offices there to boost the city's economy.

I have had tremendous success in turning cash flow negative apartments into cash cows in similar circumstances.I would recommend checking out www.airdna.co to get a quick feel for what you could expect... and don't discount the fact that perhaps you may feel the property isn't close to anything tourist wise...