Often times, folks find what they feel is a great deal, then work backwards, hoping the market is good enough for them to cashflow.Beyond a broader market, I would look for specific attractions where you can see the historical data of yearly visitors.

Not sure the attraction to people thinking being a full time landlord is some sexy business..

Complexes with resort-style amenities (pools, hot tubs, indoor or heated pools for the winter, etc.) are especially attractive to guests.

If the search produces a sea of natural earth tone pics, the one that stands out has a splash of color.

There you can build up your skills even further and these jobs can pay a lot if you are producing great results.  

Common syndicator game of throwing out huge returns when other funds are going under because they want you to only look at that shiny number and not what their past performance has been@Chris Seveney 25.7% Annualized Return / 21.7% IRR.This was my first passive investment and yes I was under educated, naive and attracted by the expressed returns. 

Where you invest will determine how well your property appreciates, how much rent can grow, and—most importantly—what kind of tenants you attract.

If a market is producing $40k of revenue on a $600k property, you need to look for a different STR market.  

Some people look for expertise, others expect you to be just a "go'fer".You will find you can't be everything to everybody, nor should you.Like attracts like, so figure out the target market you want to work with and focus on attracting them and avoiding the rest.

So, without diving too deeply, it does not appear to be an attractive deal.