That's a very common problem in this market.

Unless you are aiming for appreciation, it would make more sense to use some leverage through financing.

Good luck Thank you Dan, I do have a sense that CA is perhaps more risky in terms of being STR friendly looking towards the future. 

I paid 100% of the cost for the property , but while getting the deed( Tenancy in Common is default  in the foreign country) added my dads name to for convenience, as he being retired had more time to travel and do any tasks.

@Efrem Debesay  Metal roofs do not seem to be as common in the city but, they do last longer and are less likely to have any leaks with one.

Local/Regional STR owner associations as well as AirBnb and VRBO often lobby for common sense regulations.

Land locked lots are somewhat common in New Hampshire. 

Happy to connect if it makes sense.

Goal is a cashflow MF property (ideally 4 units+) as long as the numbers make sense. 

Does investing in real estate that way make a lot more financial sense than investing in a REIT?