No doubt it was a poor product and newer, better materials are available today.

short term rentals are not only vacation homes, nurses, workers, consultants, family, etc. all use short term rentals in traditionally non vacation marketsMaybe so, but a true vacation rental in a tourist area is going to do better than in an area where you best bet is to get a traveling nurse for a few months.  

HI @Nikolas W. if you have not, great books to read are:• Rich Dad, Poor Dad• The Millionaire Next Door• Cash Flow Quadrant • Tax Free Wealth• Set For Life• Rental Property Investing• The Millionaire Real Estate Investor• The REAL Book of Real Estate• So Good They Can’t Ignore YouYou are more than welcome to reach out if you have any questions.

@Scott Bell, if you have not, great books to read are:• Rich Dad, Poor Dad• The Millionaire Next Door• Cash Flow Quadrant • Tax Free Wealth• Set For Life• Rental Property Investing• The Millionaire Real Estate Investor• The REAL Book of Real Estate• So Good They Can’t Ignore YouYou are more than welcome to reach out if you have any questions.

Poor people analyze risk” - T Harv Eker.

Lack of communication and a poor attitude on their behalf (to say the least I am sure).  

@Alex Appolonia I'm sure there are others here who have more detailed information on this, but in case no one responds, I can say this is an evolving area and your best bet is to contact the Narragansett and South Kingstown building officials.I know that in Narragansett regular rentals require an application/permit and it seems that short-term rentals do too but I can't seem to find the form for that on the town site and it may still be in-progress so I would recommend calling them.

I bet 95% of stock investors would take a guaranteed 10% return over the next 5 years.If the fed ever decides there’s inflation and starts raising rents the stock market could easily be even, maybe give or take 5-10% over the next 5 years combined.

If you know your location, you know your renter, and if you know your renter, you reduce the risk of poor tenants, and if you reduce the risk of poor tenants, you keep the cost of owning property to its lowest.

Anywhere closer to eastern, or even out in Mansfield in between eastern and uconn will be your better bet.