For example, hotels or short-term rental properties like Airbnb often generate more income than traditional apartments, especially if the location supports it.Entitlements and Approvals: Check whether your project fits within the land’s current zoning (by-right uses) or if it will require variances or rezoning.

I also think that if there is any downturn, entry level vacation rentals in places like Kihei will feel it much less than high end luxury vacation rentals and hotels. 

However multifamily/hotels/mall/office asset class are extremely volative and too much rate-sensitive.It's no longer even about particular syndicator, basically some of your asset class can't survive interest rate.For average Joe and Mary, best advice is just to simply put money into SPY/SGOV or direct SF home ownership.

Hotel taxes are 6% in the state of Texas and 11% in the city of Austin2.

You’re also in competition with hotels at that point.  

For me, it has been multifamily for these three, but I am also interested in self-storage and hotel conversion, maybe industrial flex in the future.

These are similar softwares that hotels use to constantly change pricing depending on the demand/supply for the area. 

I almost sold a hotel for him haha.

I have a good friend who owns a few small hotels that uses Hostaway and was able to do a Zoom call with him so he could show me the process. 

The area is loaded with men on 1-2 year contracts who have homes some where else and they just need 1-2 years of safe, clean, comfortable housing and the only other option is seedy hotels.