Although Orlando has a lot more to offer than that, that is the reason we have over 70 million visitors a year.

You want to look in a market that has legal approval for short-term rental and draws visitors (are there reasons to visit such as attractions, nearby cities, outdoor life, lake, beach, mountains, etc?).

The property also includes 6 off-street parking spaces, adding convenience for residents and visitors alike.BackgroundRedwood Capital Advisors was able to identify and purchase the building off-market from a ‘mom-and-pop’ seller for $1.34M.

Platforms like Airbnb and VRBO allow investors to capitalize on the city's influx of visitors by renting out properties on a nightly or weekly basis.

I suspect your not going to attract many Asian visitors to this location either.

Select a property that ticks all the boxes - location, features, size, design - to appeal to potential visitors.

If you are going to do this type of business make sure it is in an area you can visit or make yourself familiar with, you have someone that is representing YOU at the table like your Attorrney, and you don't make decisions based on "we need to wrap this up". 

Uses that also target the business incubator residents/visitors and remote workers might work, e.g. many years ago I'd thought about doing a sort of subscription-based co-working space - something of that sort may do well initially, but may be much more successful in about 5 years as the area continues to redevelop.Current resident population within 1/2-mile is lower-income.

The jurisdiction I pay tax to spends the tax revenue to generate more visitors by marketing,improving and incentivizing entertainment districts, and other uses.

Choosing to be in the right community here matters too, I have a top ten list of the ones you should consider first.What many seem to not realize is this is a vacation spot geared towards kids....and it's a Global attraction..meaning that the majority of visitors have probably never been in a hot tub so it is a big deal.