The economy was just starting to take off and the government was all in for tourism.  

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.

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.  

-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. 

Maybe a SFH with renter through the school year and then AirBNB over the summer to take advantage of the tourism hitting Glacier National Park, Yellowstone, Fishing.We’re you end up fishing?

I’d think states like Florida and Arizona which are traditionally strong hubs for retirees will see inbound migration for many more years given that baby boomers are retiring in droves now.

In my opinion generally if you don't mind actively managing the unit by doing cleanouts yourself it is much higher margin, specifically in high tourism months.