One thing to consider, and I’m not saying this is the case because I have no idea, but if tourism was temporary demand from Covid and those rentals don’t rent anymore, you can have those people selling the homes and an oversupply.

See if you predicted correctly:1- The stock market and housing market recovered after the 2007-2008 recession in just 5 years and appreciated much quicker after that.2- The short-term rental market and other sectors recovered from the 2020 Covid shutdown recession quickly and went into a boom mode3- Instead doing a surgical-strike operation in Ukraine , the Russians got them into a Vietnam-style quagmire.

Crime is pretty bad in my town, there is no tourism either. 

What I don't know is by how much, + there isn't much parking.2) Tear down some walls, make a few units larger, and split the common bathrooms into private bathrooms (maybe house-hack since this is my first purchase).3) Buy & Hold (I personally hate this idea). 4) Spruce it up and continue as a Hotel (in a town of 24k with little tourism...mmmmm maybe not).What do y'all think, what should be considered?

I grew up in Palo Alto during the Viet Nam War era.

Also the tourism industry continues to grow there like crazy.

The riot put Detroit on the fast track to economic desolation, mugging the city and making off with incalculable value in jobs, earnings taxes, corporate taxes, retail dollars, sales taxes, mortgages, interest, property taxes, development dollars, investment dollars, tourism dollars, and plain damn money.

It also is a great location for wine and beer tourism.

Obviously we know about the gambling industry, but what about entertainment companies or tourism?

Let me give you an example; a 1 family house in one of the nicest areas in Montevideo (Capital) go from anywhere in the 150k to the 500k and even higher.On the other hand a piece of land by the shore side [Costa de Oro] (Lots of tourism) goes from 10k to 40k cash.To build a nice place to rent out is not that expensive either, you can build a 3 or so small apartments maybe 2B/1B for about 10k, or you can buy Steel Framing prefabs from 5k to 30k depending on sizes and deals.Now for the good part.