I have my brother who moved to Dubai a year ago, he's bought 2 condos so far, the appreciation is great, but the greatest part is all the plans that the government has in terms of development, tourism, economy and population.

I've done a lengthy amount of research on the market and feel confident on the AirBnB regulatory environment, tourism demand, etc.Listed price- $229K, realtor thinks we can get it lower (on market for a while) Projected cash on cash ROI- 57%Current amount of my own cash saved: $42KI'm trying to get pre-approved fairly quick so I can put in an offer this weekend (there's one more offer).

The amount of tourism in the small town is pretty incredible.

It would be a very stable area of a highly tourism based part of town.

I'd think people are willing to work in any tourism based role.

We sold it to a surf tourism company who was building a surf camp nearby.

Managed outbound leadflow from Expired, Cancelled, FSBO’s as well as scaling inbound operations for both branded and direct response marketing. 

(Ugh, this property seems so low-risk with its two STRs, in a community that lives and dies by the tourism trade...it's just silly to me that they're viewing it as too complicated to lend on!)

Cartagena on the other hand may be too over priced and in my opinion is over reliant on tourism.

While the cash flow won't be as high, the small mountain towns rely quite a bit on tourism, so we don't anticipate any regulations being placed in those areas that would prohibit us from continuing.