We are located in the recreational hub of the island with a lot of tourists throughout the year.

.- In addition to jobs, we attract many new residents due to access to a wide variety of recreational activities.CONS- Increasing number of new laws that favor tenants (top two most anti-landlord cities, IMO, are Seattle and Federal Way).- When recessions hit or bubbles burst, double digit drops in value (depreciated prices).- Prices are still a premium, CoC returns initially remain lower than what many average investors hope to achieve.- Heavy competition.I'd love to get a sense on investor sentiment on investing in multifamily in Washington State. 

Highly visited outdoor recreation areas?

Even for E Oakland, this is not worth recreating and refinishing.

It has the County owned Lake Gregory which is popular and open to anyone for swimming, fishing and non-motorized recreation. 

Also does anyone have experience in breaking and recreating their basement floors?

We have a lot of success renting our New Orleans property to Tulane graduate students and are hoping to recreate this business model with Carnegie Melon.

Economies that are relatively new and/or heavily based on tourism/recreation or other industries that rely on disposable income.Other than my NYC example above, why do you think supply will increase once we're on the other side of COVID?

It has monthly recreation visits going back to 1979.

@David Arsene, we are in the beginning stages of building a 2bd,w2ba ADU with and attached recreation/storage room (for the primary house.