Myrtle Beach also saw the strongest recovery in hospitality and tourism post-COVID, beating out Virginia Beach and other destinations in Florida.

Housing prices are much better here than Texas, but again it goes back to jobs and quality of the tenant, and how quickly you can rent a property out in Atlanta versus Texas.I like Texas because the economy is very strong there, the job growth is great, like Georgia its a landlord friendly state, tourism is much stronger in Texas, there are no state income taxes in Texas, large military presence all over Texas, and of course the oil and gas industry.

Appraisals are purely impacted by traditional Real Estate criteria, while STR = Real Estate + Tourism.

Also, finding such property that needs work will let you build some sweat equity and allow you add value and increase rents.Also, if you come across property in a high tourism area, you can AirBnB.

I can't really tell that the economy is based on anything other than summer tourism and thus AirBnB rentals would be difficult. 

It's economy is based mostly on tourism, but I'm not really looking to rent it as a vacation home.

Our market stays strong due to military bases, tourism, government jobs, safety and security.

Tourism makes up 0.001% of my market. 

I'm not sure who the current primary employers are ...in the past, it was manufacturing (which is now probably gone), rail road (now probably diminished), and healthcare (I know that one of the bigger hospitals in the area closed a while ago, and I'm not sure if it was replaced).  ...These days, I'm assuming tourism may be bigger than it was when I was young, but I don't know if tourism has been enough to keep the city in good economic shape...

As for Grand Rapids, it’s a popular town with lots of tourism, so if you were to buy a single family I would personally use it as a rental, as the appreciation is not very high for the area.