It boils down to being on the ride side of the supply/demand equation.

Source: WikipediaSustained and significant population growth: Prices and rents are a function of supply and demand.

It is all supply and demand.

The fact that it loses money is somewhat mitigated by my tax savings at year's end (I have RE professional status).You just have to keep in mind that although there's a lot of tourists to the area a lot of them are cheap bastards that gravitate towards the lowest fares out there, and there's so much supply especially in the last 2+ years that it's a serious race to the bottom as you're competing with people who bought at $150-200k 10-15 years ago, never fix up their place and don't care if they rent for $99/night.

I've heard of mentees who started cleaning up construction areas on a flip at the end of each work day or picking up supplies at Home Depot and delivering them to the job site.

Currently we are sitting with 3 months supply of inventory for all properties.

Not order a second appraisal - just ask if there is a dispute process and supply our own comps if you think they are strong enough.

We will certainly supply you with more than one picture and you should also always have a professional inspection done (which we will help you line up).  

If there is a demand, there will be supply and people making money out of it.

They sell quick and I can get all the supplies at he local home improvement store.