If you bought a four plex right next to a tourist's hotspot and rented it out on AIRBNB you could do well.

Increasing unit number or using less conservative, or increasing rent numbers or lowering vacancy rate could be close to a 6% cap rate.The area is known as a tourist destination, is geographically constrained, has a massive housing crisis and isn’t expected to ever build enough housing to meet demand.

I'm actually surprised it hasn't affected tourism more yet but that's probably because it's cheap and so it attracts price conscious tourists, especially in a period of high inflation.

For example, I look at places like The Cliffs at Hocking Hills (I live in Ohio, so this state park is one of the bigger tourist areas).  

I think because this market is also open for non-American tourist so there are more fills from different area when N.

Location Matters: Don’t be afraid to leave your backyard.Choose a property in a strategic location that attracts tourists or business travelers.

There was one company that was owned by an American and she was the most put together, explaining she would list my property under her LLC to help save me the 25% taxes México charges for nightly rentals (I purchased my condo on a tourist Visa) and they did everything.

Asheville used to be a cute little hip town but now what I've seen is moves towards being strictly a tourist town, forgetting the residents.

@Brenden Corder I'm form NC, Lake Lure is beautiful, but Maggie Valley will be more centrally located to more tourist attractions, and Maggie Valley is nice too.

I am looking at a condotel investment in a tourist resort, which for all intents and purposes would be treated as a STR and I do not plan to personally use the unit.