Ideally you would also have comparison Cap Rates too and know what expenses per unit are in your area.Without better NOI data, here is a very rough estimate.  

Previously had a custom website built but I wasn't a huge fan + Carrot has easy to deal with data.

I don't know about you guys but working from home for last 3 weeks I WANT to go into an office soon : ) Since every single REIT dropped in price (other than cell phone antenna holders, data centers and industrial) you kind of have your pick amongst which ones will recover the most. 

Previously had a custom website built but I wasn't a huge fan + Carrot has easy to deal with data.

It's not a huge lien according to our data.

Purchase Price: $300kMortgage Payment (Interest Only): renegotiating to $500 Taxes: $375/monIns: $100/monLawn: $100/monVacancy/Repairs/CapEx: $300/monTotal Monthly Expenses: $1375Total Monthly Rent after Reno: $2000/monTotal Monthly Cash Flow: $625Rehab Budget: $50kTotal Annual Cash Flow: $7500Cash on Cash ROI: 15%Build New: The biggest barrier to entry is the size house this neighborhood calls for.

It's $99 per month, but I have access to live data. 

Obviously it's early to get all of the data.2) Does your lender and insurance carrier know about the use as a STR?

These numbers should be a data point to assist with your decision-making process, not the end-all-be-all as it ultimately come down to your goals, personal life, and risk tolerance.

In no particular order I have listed some of the most popular markets for out of state investorsCincinnati, OhioDayton, OhioToledo, OhioYoungstown, OhioCincinnati, OhioMemphis, TennesseeSaint Louis, MissouriIndianapolis, IndianaDetroit, MichiganErie, PennsylvaniaLouisville, KentuckyMilwaukee, WisconsinJackson, MississippiEach of these markets is popular with turnkey investors because of the low barrier to entry, high rental demand & high rent to price ratio.