We're likely in decent shape the next year or so, but in my mind, inflation will be key to watch. higher inflation will mean higher rates- may be good for property values if the overall economy stays strong, but inflation will likely raise interest rates. 

I listened to all the previous hearings and the general sentiment was acknowledging that STRs are critical to the area's massive tourism industry and just banning them is not wise for the local economy.

Plus the main economies for teak India and China  are increasing in per capita gdp.  

I believe if the aircraft companies are back then it will be a much stronger market.

I don't work on houses, but I have to use B and A-basis values for material strength which in effect means the real material will end up being 20%+ stronger (depend on the material).  

I’d prefer to buy as large of a MF property as possible because of economies of scale and having to complete less transactions, but I haven’t closed or underwritten a deal that large before.

I believe people are made stronger when they experience difficulty and have to make their own pat.

Yes, the economies of scale are better but I feel the jump from duplexes to a 20 unit will be much more challenging than you think.

With that being said, and to be transparent, I have had a harder time finding investing partners on the last property I bought in La Fortuna which I think is related to the change in the economy.  

I know not typical on here to have such a little amount in loans but we enjoy great cash flow that we live on, have lots of flexibility in what we can do and have no concern about making payments if the economy were to take a dump.