I think it always depends on whether your city offers something for tourists.

Having an industry that is unique to the area will drive many tourist and boost to the local economy.

I think your 40% of gross is close/low once you include HOA, and don't forget your county tourist dev tax another 5 or 6%. 

Anyone else being targeted by the Pinellas County tax office over this 6% tourist development tax which is on top of the 7% sales tax?

Mexico has 10 times more tourists and is much more easily accessible than Costa Rica from pretty much everywhere in the world.

Anything that would involve marketing that included pictures of people on a bike on top of a hill, relaxing on a boat, jumping ecstatically on a beach at sunset, taking selfies at famous tourist sites, and the big one, any pictures of desirable cars would be included in the list of stuff to stay away from.Good luck, Rob.

I'm purchasing a small duplex in a tourist city which has been hit hard by COVID.

Multi unit cashflow well and as it's a great tourist area Airbnb works as wellEastern Shore has some really unique opportunities.As I am on the north shore and close to eastern shore I can probably connect you with real estate property managers contractors etc.Happy to discuss anytime

If it were me, I'd be looking at markets where: 1-homes stay on the market for less than 50 days 2-you can still get 1% rule3-there is a notable hipster scene 4-is also a decent tourist destination 5-inventory can't keep up with demand so absorption rate is > 20%

that said... the crime stats are alarming in greater vegas, the economy seems very flimsy, 50% of casino economy dependent on international tourists, and the competition seems to be fierce for "sub-prime" renters.I think there are still a lot of smaller Tier 3 type markets all over the west (including in Nevada) better than vegas.... but vegas does have the allure.. like a casino enticing you into a game it knows you cannot win over the long term:)