This has a cost but nothing close to what you’d have to pay investors in a pool, which is something else you mentioned.

Delaware Water Gap is more of a weekender, but can work.

I also own a water restoration and general maintenance business in the area and the amount of STR owners that we have spoken with is insane.  

I believe the appreciation will slow/stop in much of the gulf towns on the water because of this.

Pretty cool.You probably won't find this type of home in Florida or anywhere where the water table is high.

Views, indoor pools, game rooms and proximity to attractions.

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. 

Hi all, my LTR (Boston, built in the 1930's) has some cracks in the basement walls that I didn't think were too serious (owned for 10y, some water and flaking but mostly dry).

@Levi Perl As other have noted, most decide not to move this time of year unless they absolutely have to and that tenant pool is small.

So let's assume you have significant enough equity in a property to pool together a reasonable amount of starting capital.