Tons of tourism stuff to do on the lake. .The reason I mention this is because there is a ton of work for tenants and housing is very inexpensive. even in the burbs with A and B class, you can buy far below market value and start out with a ton of equity and cash flow is still there. 

The last 3 months I have been abroad in New Zealand, Australia, Vietnam, and currently I’m in Thailand.

From an owner/manager perspective, because the area is steeped in tourism and vacation rentals, there are lots of businesses and service people who specifically serve vacation rentals - they're used to absentee owners and work easily with us.  

It goes beyond the entertainment or tourism, which we learned 11 years ago can be detrimental to cities who rely solely on those industries.  

Complain all they want, the place is very successful, tourism is way up, all kinds of actual on the ground stuff is way up.

- Napa tourism gonna be negatively affected.

I was born in 1972 during the Vietnam War. 

If sudden STR regs come on your city it might get bumpy anyway, but you don't have to lose your shirt.Personally, I'm focusing on markets that have strong tourism and established STR history (pre-dating AirBNB etc), that have occupancy taxes in place already.  

@Arlen Chou will be meeting up in Vietnam with me a bit later.

-Tourism - there are some areas of the country that will almost always stay busy, and have high demand for hotel/motel/airbnb due to it being a major tourist area.