STR has several characteristics that  the traditional policies don't cover:Sometimes you live in there, sometimes a paid guest (a short term tenant) and sometimes it's vacant for a while.Tenants change often and they are new to the place, increasing both risks of damage and accident to themselves.Landlord runs an ACTIVE BUSINESS when running a STR (commercial policy covering loss of business among other stuff).Another aspect to consider is the workers' comp.

I drive through it frequently, but mostly just on Broad street, which is usually pretty hectic with pedestrians walking out into the streets, haha.Yeah, I started looking in Hudson, specifically JC, a couple of years ago, but a little late to the party. 

Littering and or messy behavior on the property is prohibitedWhen parking your vehicle it is your responsibility to be aware that your not blocking any other vehicle and or frequently trafficked areas Each resident is jointly and severally liable for all lease contract obligations.

Also, some tenants will not pay their part of rent expecting you to eat it, which is sometimes done in the market.I have been approached fairly frequently by section 8 inquiries, but have refused. 

I like Section 8 and I accept these tenants frequently.

B type properties are frequently rented by locals looking to party.

It isn't the 1% rule but I have long term tenants in place, it rents for 2k per month and I self manage (it is from a distance but I make frequent business trips to the area).

@Sachin MaskeyIf you decide to work with Anderson Business Advisors - make sure to discuss pricing before you sign any contracts.Many members of the biggerpockets community discussed pricing as a concern, especially for a person just starting out.You may want to consult with a couple CPA's that frequent the BP forum often to see if you connect with any.

I'm sure you know the market changes so frequently that being able to access data like this that's updated would be helpful.

Our journey in the STR space began in 2017 when we were attempting to buy a cabin around the Great Smoky Mountains National Park (we have family that live there and we vacationed there frequently).