Main factors were: Tourism growth, city growth (businesses and residents flooding to Nashville) - will ride the appreciation wave long term as the city rapidly grows and expands, and year round tourism - less seasonality.

This is a problem that could destroy the tourism industry of the whole Caribbean industry.

Some cities have embraced STRs, while others have stringent regulations or outright bans.San Diego, specifically neighborhoods like Mission Beach, Pacific Beach, and La Jolla, have been popular for STRs.

I read a book by Ray Dalio called "Principles," where he discusses embracing and learning from failures as much as, if not more than, successes.

For instance, the Poconos have remained a popular option because of its year-round tourism draw, with skiing and lodging in the winter, hiking in the fall, and camping around lakes in the summer.As others have said, going into markets with one draw is risky.

If they have friendly regulations, it typically means the area has something that would attract tourism of some sort, but that may not always be the case.

The great thing about Lodgify is that it is tailored for vacation rental, and I heard other platforms that focus on B2B like Opera may not be as feasible as for us as our line of work consists of renting out properties in residential tourism districts.

Now some can build in teams and still maintain a decent quality per transaction but much harder to do.There is a human element to real estate that consumers crave when making one of the biggest investment decisions of their lives.Maybe one day in 20 to 30 years AI will become so mainstream and the younger generation will embrace it as a normal way of doing things.My research has shown talking with thousands of millionaires over the phone the last 2 decades wanting to invest in commercial real estate that technology adoptability on average varies by age.Lots of 70 and 80 year olds have snail mail only.

PI is a quiet town more geared toward tourism on South Padre Island, but will likely frow due to LPG.There are definitely some opportunities down here in the Rio Grande Valley for people who know how to operate, but one challenge you will encounter will be that it's very hard fine good employees.

This might be easier to handle between tenants.Market and Economic ConditionsMarket Fluctuations: Be prepared for potential fluctuations in the real estate market that could affect property values and rental demand.Economic Factors: Consider economic factors such as interest rates, job market conditions, and tourism trends that could impact the Tahoe area.Exit Strategy:Backup Plans: Have a backup plan in case your circumstances change, such as if you decide not to move to Tahoe or if the rental market becomes unfavorable.Sale Considerations: Understand the process and costs involved in selling the property if needed.