Firstly, it's important to point out that Pismo Beach, like many other California towns, has imposed stricter regulations on STRs in recent times.The city has drawn a distinction between three types of authorized 'Less Than 30-Day Rentals,' specifically a "Short Term Rental," a "Vacation Rental," and a "Homestay Rental."

My wife and I are looking into investing in short term rentals in vacation markets surrounding NYC (Catskills, Adirondacks, Poconos, etc) and just wanted to check if anyone here might have some insights they could share.

That's as long as you can afford to acquire it in the first place.The question you should ask yourself is if you want section 8 in the first place.

Terms should include interest rates, repayment schedules, and contingencies for unexpected issues.

The reason I went with them instead, is Ameircan offers a 80% LTV 30 year long term whereas Century at the time only did 75%LTV. 

Read "Long-Distance Real Estate Investing" by David Greene to better understand how to find a market and do things from a distance.

It doesn't take long to learn how to spot a good deal.6.

I've been long small cap ETFs and specific small cap stocks, long BTC, long platinum, long gold, long BDCs, long fixed rate debt(sub 2 year) and long puts against mega-cap.

The flipside is that I expect the expensive markets like Beaufort will continue to appreciate strongly in the long term.

There are a whole lot of factors and differences among the options, even among lenders that fall under the "private lending" umbrellaSharing an article published last year that maybe can help and provide some more insights:https://www.biggerpockets.com/blog/dscr-loans-terms-to-know