Being such a touristic island my family does some bed and breakfast and STR and has had good success.

Still, the individuals there are high end earners depending on the specific area.Also, there are no tourist attractions.

On the flip side, multiple MTR/STRs in other areas could yield higher cash flow, especially in tourist-heavy or affordable markets, but managing dispersed properties can be challenging, with considerations like vacancy periods and potential property management costs if you opt out of self-management.

Inflation got really high worldwide.

We're looking for ways to increase our income and have decided to obtain an LLC.Initially, I planned to use the LLC for a rental arbitrage business in Anaheim, CA, near Disneyland due to its high tourist appeal.

Tourists are willing and able to spend $1500/night or more for the experience.

@Florsabel De La RosaPunta Cana gets two thirds of the country's tourism but most tourists go there for the all-inclusive resorts so you have pros and cons and a lot of the money has already been made there.I prefer the North Coast indeed  and specifically Las Terrenas and the Samana Peninsula.

CA taxes residents on worldwide income but may provide a credit for taxes paid to other states.

It's going remain among the most in-demand cities world wide owning some land there is a really good bet, but you still want to be diligent and appropriate with how you enter.  

Florida insurance rates are through the roof so that that into account.You might want to consider the Myrtle Beach area which is very popular for tourists.