I charge a very high price for furnished rentals in a small (tourist) market.

I'm on track to collect 12 months worth of income in just 10 months with my long-shorts strategy.You might be able to do this as well... without running yourself ragged, without cleaning your rental yourself, without waiting for laundry to dry, and without answering the same tourist questions again and again.Not that working with tourist isn't fun.

We didn't have any trouble renting our place our since tourists liked the location & they could just walk to the museums, mall, Capitol building, Nats park and walkable to L'Enfant Plaza, SW Waterfront metro,  etc. 

Check with your local historic society for the old owners of the home.Also, if it has a story it might be a museum-type piece, I.E. a tourist attraction.

So there's no shortage of tourist dollars being spent in the region.

Just a bit of background:Location: Houston TXArea: GalleriaRent: $1,673/mo 2 Bed/2 Bath.I am working to set myself up for corporate housing so I may do these under the current lease.I've seen this work in a quite a tourist spots in the country like Seattle, SoCal, Boston, Portland, etc.Question: Is anyone in Houston doing and seeing great profits, and is it possible to scale and have multiple properties in Houston.

hi @Arpan Patel -  A lot of my clients are buying in Fort Lauderdale beach because they have the money and its tourist location but it is quite expensive for any size bedroom.

So, we have fall and that is the BIG tourist time for fall colors, that is about 2 maybe 4 weeks, depending on weather.

Well, the rich hotel and tourist industry had lobbyist to keep the 99% of business in Waikiki vicinity, but hey that's another topic).All that is mentioned, protect yourself.  

I pay taxes to:6% State of Florida (Sales Tax) $50/year 5% Tourist Development Tax (Okaloosa County Tourist Development District) $17.50/yearThis is why there are 24 returns per year: 2 returns filed per month (one for the state and one for the county.)We also have to pay a Florida Resort Dwelling application fee each year ($90/year).You have to register with each entity...it does not happen during closing on the purchase of the property.