Investing in an STR in Upstate NY or Poconos

[Gokce Sahin]

We are considering buying an investment property in Upstate NY. Are there any STR owners here from the Catskills & Hudson Valley area? I'm aware that Woodstock and Shandaken capped the non-resident STR permits, so I'm avoiding those areas. I occasionally see some properties on sale that are currently operating as Airbnb. We were told by one real estate agent that an STR in this area won't cash flow much. Another option for us would be buying in the Poconos. Appreciate any advice.