But item here is you don't want to hire a property manager. pitfalls: some hours count and some hours don't 3. can't use it too much for personal use (14 days or 10% of fair rental days)there are many pitfalls and nuances so you don't want to leave significant potential tax benefits to chance. 

A co-host likely will do a lot of the items specific to Airbnb (guest communications, pricing, etc). 

There's some other items that may be pertinent to a broader audience but will keep my comments to real estate 

Where are you with these items?

We as a team have had a lot of success finding STRs in more centralized areas near the Airport and near the military bases.

Contrary to my first analysis, I find that it's a turnkey property with the big ticket items and finishing touches already completed.

We are active military and will be moving a lot so the local property manager is a must.

They go to the wrong house, they put items in places you'll never find them again, it takes them much longer, because they don't know where to put things, hopefully they lock the door on the way out and turn the lights off, then they charge you $120 because they had to drive across town and it took them 2 hours.That's basically OOS investing.

I know feedback on condos is mixed and I'm giving up some of the cashflow in return, but I'm concerned about remotely managing the bigger ticket items and this was my way of minimizing the risk.My question -- Are any folks familiar with renting in Middletown New York or know how to manage sourcing tenants has been for them? 

This would typically still cover any damages to the house itself, and any liability for owning the property, but would no longer cover the contents of the house, which is a fairly large line item within your owner-occupant coverage.