I never liked Airbnb's or VRBO's pricing structure because it seemed more like they set a price that will get you booked so they can get paid, and not necessarily for the profitability of your listing.

I'm not sophisticated as Dan, but if you simply do the straight math, it may be close to 10 years before you break even on $190k. 

That profit will increase over time and improve your return. 

Keep in mind the more you write off the less money you will show as you net.If you have (2) full years and depending on how the accountant files your taxes you will have a schedule C more than likely or another schedule that shows profit and loss.

You have to make sure that whatever company you choose will maximize your profits. 

If your contract states that "time is of the essence", you could have forfeited your right to break the contract and get your EMD back simply by not adhering to the dates specified in the contract.

There’s simply less demand for them compared to larger properties.

Quote from @Brandon Foster: Hello Ryan,STR is do able in the north county area but there are a lot of rules and regulations.The city of Oceanside right now will not allow anything STR unless it’s west of pacific coast hwy.This is changing a lot too so you need to be aware of that in your plans.Carlsbad is super strict too but there are some condos that are still available to do STR in.Medium term rentals are as safer bet but way less profitable.

You definitely can't just buy a building low down, do no work to it and keep old rents and expect to profit. 

I was wondering if a manufactured home would be an economical and profitable solution.