The great thing about the Springs is that it does well on STR on Airbnb.

The idea isn't to get an FHA loan to house hack, it's to find an off-market property that you can rehab and then rent out to a long-term tenant or use as a STR on the backend (highly recommend the latter).

on my 4th investment property, a STR on a lake in northern NH. 

@Pat Chamara I live in MA and have owned and managed a STR on Cape Cod for past 8 years.

My model would be to create a "ranch" of tiny/small cabins to STR on a property that would have a main "lodge" as well. 

As Ryan said, we have quite a few STR only communities with amenities and locations that are made for tourism and are zoned specifically for rentals.

Depending on the age of the home and when it was installed I would think that it's been done properly but not knowing the building codes in that area I would stronly suggest you start there.

I'm opening up a new STR on a speedboat-friendly lake in Indiana, and I'm thinking about including kayaks, paddle boards, and bikes (there's a great 20 mile paved biking path next to our property).  

I mention this because only condos are zoned for STR on Maui, so still strong appreciation even with interest rates. 

Did you have insurance for your STR on top on what AirbNb offers?