Overall I am thinking that tourism traffic is still in a recovery phase but will eventually pick up (Take a look at this article: https://www.google.com/amp/s/amp.cnn.com/money/2018/04/03/news/puerto-rico-tourism/index.html ).

There are still homes here that would meet your critiera (3 bed / 1.5 bath home with a $200K budget) depending on the neighborhood you select...though most will need some repairs or updates.SA has a relatively strong/stable renter pool thanks to solid economic growth, a large military footprint, and steady tourism.  

Anyone that EMBRACES the fact that she "dabbled" in witchcraft years later is an idiot...pure and simple.

This is what our country was founded upon...I'm not sure why you are arguing against it instead of embracing it, and thanking whatever god you might believe in that you have these amazing, wonderful, fantastic things call rights under this absolutely awesome document called the Constitution.

My father owned tourism based businesses, and liquidated a few years ago, his contacts got him onto a group who buy property management rights, they offered him a buy in to the next property, a resort on the Gold Coast (one of the most popular tourist destinations in Australia), this investment (which was thoroughly looked over by his accountant and lawyer) over the past 3 years has been netting him on average 18% per year, passively.

There is probably a niche market there (and maybe a lucrative one for the right person and situation) but I quit doing seasonals in my area early in my landlording career.In my area, 3-4 month rentals are in demand in some time frames during the year (summer tourism, legislative session e.g.), but having done a few short term rentals early on, it just did not pencil out well for me. 

Costa Rica does make a good portion of their income from tourism so there is some effect going on.

For that reason alone I wouldn’t touch anything that is not in a big city (Madrid, Barcelona, Sevilla, Bilbao), where I expect people to still relocate looking for better jobs, or in a nice area of the coastline, where you can count on either good tourism or well-off retirees.However, I believe there are opportunities in some neighborhoods and niches.

In all seriousness though, I'm an honest, trustworthy, stand up guy that embraces solutions instead of problems and always sees the glass as half full.

Is it in an area with vacationer appeal and steady tourism - you mentioned a beach was close by.