Whats the current story about AirBnBs/Vacation Homes in Big Bear Lake Cali?

[Kyle Bergren]

My wife and I have been contemplating a cash buy on an AirBnB/vacation home fixer upper in Big Bear Lake Cali.   I have a few AirBnB in southern Utah that do well but they are very small and easy to understand markets so looking at something much larger like Big Bear Lake gives me a little pause for concern.

Do you invest in Big Bear Lake? Have you been able to turn profit or break even in that market? I did some asset valuations, vacancy analysis, and cap rates and are definitely not as good as other areas. Has it always been a competitive AirBnB market there or is it more of a factor that AirBnB nationwide are lagging? Are local ordinances friendly to STR properties? What questions I didn't ask but should pertaining to Big Bear Lake?