He is in Vietnam and cannot come now.  

Not to mention we have had a huge increase in both tourism, as well as people moving here.

thanks everyoneI am looking at zoned vacation rental condo's - like condolelsThere are many near the hotels that are long standing vacation rentals - zoned as such.I'm not looking at any residential airbnb type properties where special permits may be needed.This is strictly investment  - no stays or visits by me or friends.they are often called condotel's here as there is a front desk and check in - cleaning services somethings if you want.High taxes are a given - the main downside I see besides running them;) is if tourism slows dramatically - in this case they can legally be rented long term for a bit less.  

Year round tourism will help keep the occupancy high, provided you buy in the right location.

As of now tourism is expected to open in Oct.

I was thinking only long term rental would be healthy unless tourism is strong (it has not been in maybe early to mid 2000s).

The thing I still LOVE about Galveston is value add opportunities in a place with year round tourism.

Navarre, FloridaCondo: Studio, 1 bathroom, bay view, fishing pier, pool, gazebo, boat parking, sleep 4Purchase Cost: 290kInterest Rate: 7% Closing Cost: 3% ($8700)Cap Ex: 10%AirBnB Fees: 3%Management: None (self managing) Loan: 10% Down; Conventional Second Home Property Taxes: $3388/yr (from county assessor's office) HOA: $523/month (includes cable, trash, maintenance)Assessments: $5600 (based on neighboring unit)Insurance: $1800/yr (based on neighboring unit, condo covers exterior of property)Internet: $55/month (Googled average; basic cable in HOA fees)Electric: $131/month (Googled average)Water: $25/monthMaintenance/Repairs: 1.5%/month (based on maintenance performed in 2022)Gross: 43k (based on neighboring unit, is on par with the 75th percentile for AirDNA and similar properties on Rabbu)State tourism taxes: $245/yr (based on neighboring unit)BP Calculator: Monthly cash flow: -$55 /moIncome: $3,583 /moExpenses: $3,638 /moCoC ROI: -1.76%

Galveston is a tourism market and we will always cater to that.EDIT: As soon as I sent this, I got my email from the Parks Board about HOT.

Regardless, make sure your city and neighborhood that you are investing in have different types of STR travel demographics.For example, here in Tampa not only do we have theme park and beach tourism (#5 ranked beaches by TripAdvisor in the world in 2021), we have educational tourism (one of the largest universities - USF and then UT), and also medical tourism (we have some of the best hospitals in the country especially for outpatient services).