And then,,,the Expo...will they continue to keep the economy running until that day??

The regulations make it irritating sometimes, and you have to check to be sure you're in compliance because they watch you like hawks here, but nobody is going to put the kibosh on it any time soon, considering it'd collapse the county's economy if they eliminated STRs.

History* Exhausted General Contractor with RE background.

For 90k you could buy a home in what is probably a much better area with good schools and better economy.

The deals I make, I would make in a down economy.

Some of the reasons we like this strategy are: college towns often have stronger economies than non-college towns because the universities themselves have such a large employment base; demand for rentals; ability to get 1-year leases; parents will usually co-sign; low vacancy rates.

The only people who could buy were a very limited amount of true cash buyers.The poor economy caused any renters to struggle to pay rents. 

The economy is very stable.

Id get a normal drywall ceiling done and make sure it had a working exhaust fan tied to the light switch. 

You have much larger economies of scale, lower management costs, and less complexity to deal with.Finally, it's Class B property and the rents are $650/month?