Personally, I would Airbnb if the area the property is in is a high tourist area.

Most of our jobs are entry-level or service-industry which makes it almost impossible for a family to afford renting a house and even apartments can be tough in the winter when tourists aren't flowing through.It's very market specific so the only lesson others can glean from it is to know what drives your market and watch carefully for the changes.

I've actually thought about air bnb but I thought you had to be near tourist type places to make a consistent  profit off of it.

This is in a tourist town, so we've considered using the lower unit as an AirBnB instead, as sometimes travelers are little more amenable to these sorts of flaws, but I really don't know. 

Due to the primary tourism market, we have a large number of people who work in the service industry to accommodate the over 7 MILLION tourists we get to our small island every year.

I always assumed the smaller operations would be owned outright, but so many businesses rent their spaces, I don't know why I didn't consider it an option.I've wanted to enter the vacation rental or hotel market for a while, and this particular business is located in a popular tourist destination nearby.

In some of the tourist locations in the mountains and by the ocean, 3 weeks of gross rent would buy a 3BR house in my market.

Small tourist town with little growth and worrisome hurricanes. 

I own a 2 bedroom 2 bath house right outside of Ho Chi Minh City, a city which attracts millions of tourist per year and almost year round.

I know many large tourist towns and cities have/are enacting regulations that may make STRs out of reach for a single investor or company.Still, I can't help but to think that properly placed and finished STRs aimed and marketed to select guests could make for nice long term holds.I.E...Homes near schools for families during visits for athletic, arts or cultural event or graduation.