The stress relief is probably the largest benefit.

I know that places like Martha's Vineyard and Nantucket are hurting because they can't hire enough seasonal staff whose families own 2nd homes on the islands.

@Cameron Kelliher  not sure if rules allow, but I manage the largest Philly Landlord FB group and we are very good at sharing info and supporting one another.   

They get discounts and I get some commission, and it saves me on having to answer questions about fishing charters or how to get to Crab Island.

I assume you've never worked with a property management company before, I run one with a $75 million dollar portfolio in Cleveland, not the one the OP is working with, but as the owner of one of the largest management companies in Cleveland I have the ability to break this down from a real world perspective.In regards to "firing the PM" it's not that simple.

Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/ Another example of economic growth is the upcoming Ohio State University Wexner Medical Center Inpatient Hospital which is a 1.9million square foot hospital that will bring over 800 new beds and a thousand new jobs. https://abc6onyourside.com/news/local/new-osu-hospital-expected-to-transform-health-careHere are a few more recent investments https://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0 https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbus Check out The Complete Guide to the Columbus, Ohio Real Estate Market which goes through the Columbus, Ohio market in depth and will give you a better scope of where the highest levels of growth are taking place and where to look to invest.  

One block from the elementary school and 3 blocks from the Long Island Railroad.

In 2021, I bought three of my largest properties.

Put plainly, the largest buyer for Treasury's and Mortgage Backed Securities(MBS) is no longer buying.

Note that if you do keep the property, you will need to have a local agent for your tenants that is on the same island as the property.