I think the city in TX would also develop much faster than CA because TX has more relaxing regulations to build houses.

So often you see a bland 'beach/ocean' themed STRs...I get it, people are booking your condo to go to the beach and relax, but you can have a fun, stand out theme that still revolves around the ocean, relaxation, etc.

I can really keep adding more data and information if you push me into this ;-)be careful out there ... maybe nothing maybe prolonged recesssion, just be careful LOLNow is from Citibank :https://www.cnbc.com/amp/2023/09/29/citigroup-ceo-sees-crack...Citigroup CEO Jane Fraser sees 'cracks’ emerging among some consumers as savings dry up 

Prolonged enthusiasm can be exhausting (failed offers, tours, travel) one way to remain engaged is to stay connected and in constant communication.

You've got the experience, and your friends want to relax while their money grows.

Naybe search for lenders who are more relaxed  about it?

But very beautiful and relaxing , nice beaches.

Sadly, my neighbor said the non-paying tenants are purposely breaking things in the house to cause violations and prolong the eviction process

These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.

This is just such a informative, fun and relaxing event.