That said in some cities with lots of tourism and vacation rentals this is starting to turn and even mortgage lenders are starting to give out loan packages that have special vacation rental approval.

Hi Omaraya - I just 15 minutes ago posted a response in another forum regarding using Airbnb for markets other than tourism...

The law has had a huge impact economically, $100 million lost in just sports related tourism.

There are many new constructions going up in this expanding tourism/retirement area-- Gross rent yields on retail properties (at list price) seem to hover around 5-12%-- The area is seasonal due to the tourism.

A dozen major industries, not just tourism.

If its about location for you, you will need to suck up some of your profit for location, but if profit is your main driving factor, then you should really explore STR and look at what you can really make with our booming tourism industry.  

Because of this, they're creating a resort vacation community just outside the city but well within the tourism hot spot.

Along with the tourism, jobs, and the beaches I already mentioned, Sarasota has great long term appreciation potential.

I understand this business model doesn’t work everywhere but I am fairly confident it will work in my market due to the fact that tourism is the #1 source of income for the island.

My area is rural and the small town is happy to have more tourism come there so I feel we are safe in regard to restrictions.