But the refinery closed in 2012,  it was 1/3 of the jobs on the island,  and the real estate market crashed.  

If not, you said it great, ignorance will only go so far before it all comes crashing down.We need to know our business by working IN it, once we do that we can starting working ON it. 

 More folks looking for a place to crash after a night out could mean more bookings and potentially higher rates for you.

I really don’t think people realize a 506c there does not have to be a ppm and the operating and subscription agreement can say they can invest in anything from pigs feet to moonstone and they could have an iq of 4 as a sponsor and do really dumb things but none of that is a scam or a ponzi.Just like last crash no one went down, same will happen here - regulators are far to busy dealing with the Wall Street crowd which impacts retirement accounts if retail investors - investors in a 506c are accredited = they can lose it all.Sec isn’t gonna spend $ 1M chasing someone who just had a bad deal.

Cash for keys, while unpleasant from a moral standpoint, is often the better choice from a cost benefit analysis standpoint.

Or even that other guy that's crashed his train syndication into the yesteryears of "investment" methods.The reason I say better quality houses will prevail in a high(er) rate environment is for many reasons.

I'd always recommend leaving some room on your line in case of another crash though.

If the real estate market crashes you lose your job and your wealth.

That's a lot of potential future guests.Also, there are a LOT of potential owners waiting to buy a STR as the market softens a little that will swoop in & buy & prevent a crash.

A crash will not happen due to inventory(local-regional factors at play), but you're pricing for general correction upon the eve of the slow and doomy Q4.