Very interested in real life cons to this approach to real estate investing.Thanks.Hi Pamela,Investing in a resort condo in vacation spots like Kissimmee or Orlando can be an appealing real estate venture due to the high tourist traffic and the potential for steady rental income.

Baja California Sur (Cabo San Lucas):Short-term Rental ROI: Potential returns of up to 18-20%.Annual Real Estate Appreciation: Estimated at 10%.Cabo has always been a hotspot for tourists, especially those from North America.

Pros: Least disruptive to my current lifestyle, gaining experience in a vacation destination aligns with my long-term goalsCons: Highly competitive and expensive market, NOO STR is very unlikely for my situation, finding a property in an area that’s appealing to tourists may be difficult.Scenario 2: Buy property in a market adjacent to Nashville without owner occupancy requirements for STRs (e.g.

ARV $1.5M but DSCR is 1.2% after $625k cash down in a Tourist Destination with an unobstructed Ocean View.

Tryon Palace is another amazing historical site that is amazing for tourists. 

We focus more on these tourist centers and more on Punta Cana due to its great tourist and industrial development.These are In our opinion the best places in the Dominican Republic, but it doesn't mean other places can not work for you.

No longer do you have to live by a beach or other tourist attraction to capitalize on STR.And lastly, this one is a huge stretch as its not really real estate but we rented out a Motorhome for several years to offset our cost of ownership. 

Since beaches aren't extremely common in the sense of white sand and surf but tend to be rocky, it's not all about being on shore front; however, close to coastal attractions like Bar Harbor, downtown Freeport, and other tourist areas like Kennebunk Port will drawn in larger crowds in the summer months.  

In Urban areas it is not uncommon for people to be here on six month tourist visas and they rent homes.  

Feel free to reach out if you are looking around up here, 20k lots do come up in well traveled tourist areas from time to time.