I would have guessed that the people driving up the prices are the fair number of buyers from out of state and even international countries given the profile of the universities and the strong tourism in the area.

I'm targeting a city like Cartegena in Colombia which thrives on tourism and renting out Airbnbs. 

---------------------------------------------------------------------------------------------------------Another option is to setup a good inbound marketing channel.

If you are in a destination/tourism-heavy area, local gov understands that and already is used to "living" that way. i.e. take large parts of their revenue from accommodation taxes, sales taxes, etc.

So much so, these entrepreneurs are called “Tampreneurs.”Tampa has the diversified economy millennials seek, led by financial services, STEM-related occupations, health care, research, education, tourism, retirement, and military bases all making significant contributions to jobs and growth.

Apparently - investments are booming in Jamaica and there seems to be rapid changes in the Tourism industry as the country takes the lead on Caribbean Economic Leadership.

I also believe that Julian, being so dependent on tourism and needing lodging for the tourists, will not be quick to try and restrict vacation rentals.Second, my cash flow was due to the fact that I managed the property myself.

There is more than enough tourism to support them.

Thank you Peter, are there certain times of the year that Cape Coral is busy or is it busy year-round for tourism?

In the off season this past year, about half of my guests were traveling in the area for reasons other than tourism (visiting family, traveling for work, etc.).