It draws about 3 million visitors annually, the 400,000 sq ft is full with waiting list and rents per sq ft into the 60's, and the developer is looking to buy more land buying it to add on more building and parking.    

Higher vacancy rates but from some of the forms that I have read the benefit of higher per/day rates and quick turn-over, plus visitors have their AirBnB reputation at stake and tend to behave better, seems to make it a very attractive option.

i know there's great opportunity if the island expands its tourism marketing and atracts more visitors.

., your home is certainly in a great area for visitors!

This would be tenants, lenders, vendors, visitors to the property.

If not, I'd look at markets where you have some connection - a friend or family member it regularly visit or can partner with.

So you need half a dozen parking spaces for these visitors and they park their cars in front of peoples homes.My tenant complained to the owner of the rental house.

Your biggest population of visitors will be snowbirds in the winter season, that is your bread and butter.

While many of these groups do pitch their annual memberships to visitors, I prefer to not be locked into just one group.

My brother had to evict some visitors of his girlfriend who overstayed their welcome but he never rented to them.