You'd buy an old house that needs renovation, you'd renovate it and/or resell to a foreigner or rent short term if the city has enough tourism.

Portland is becoming a bigger tourism hub (Japan even has a Portland mascot) so short term rentals are hot.

For example, I live closest to Maryland and Delaware beaches (Ocean City MD, Lewes, DE, Bethany beach, DE, etc.) however, these areas only have strong tourism during summer months (May-August).

Plus big cities have great tourism which allows (certain) homes to be used as STRs, thereby exploding the ROI.

Eviction moratorium is not the end of the world, it's just an adjustment and like any adjustment in the market those who embrace the change and engineer the solutions will prosper, those who sit back and lament the "good old days" will wither away.

BP is a bit of a “tough love” type community but it is a good one, you just have to curate the advice and embrace the skin-thickening which you’ll need in this biz.

As Darrin and Jim both mentioned, it’s a very supportive community and they embrace new RE investors.

By letting go of my preconceptions and embracing Section 8, I've found a meaningful way to contribute positively to my community while securing a stable income.

But they did.I closed the tourism business in 2014 (a complete loss) and sold the store at a $58,000 loss in 2015. 

It's very foreign investor friendly and a great alternative for those who don't like Mexico.The properties you'd buy in Mexico or the DR are traded in USD so your exposure to the local currency will be limited, which you can see as an advantage or a disadvantage.Colombia has transformed in recent times to become a tourism powerhouse and a favorite for digital nomads.