Although Austin metro is a tourist destination the local Austin ordinance is tough on str.

& Top "Hipster" Destination in the US88 Jobs Paying Higher Wages than New York CityHome to 2nd (soon 1st) Largest University in the US ($7B in Capital Projects & 60,000+ students)Hotbed of Startups and Venture Capital- "Exodus from Silicon Valley"1st "SMART" City in the US ($50m DOT Grant)Intentionally Underbuilding to Hedge Risk...30,000+ units short of demand11-County Region with Huge Room for Growth & Expansion (3million+) over the next 20-years50% of the Columbus Population RentsAll-time Record Low Homeownership for the Millennial Generation (largest population in America-bigger than Baby Boomer population)The Average Market Rent in Columbus has Climbed to $2,000/mo.

I’ve got a 4 bedroom going in Destin that will do just fine.

I think you'd definitely want to focus on unique, and on making the property itself a destination (i.e., things to do...maybe a sauna for example).

Need a crew that works well together, you have to keep a specific destination in mind and be prepared to adapt and turn in a number of different directions to make it to your goal.

How can you chart a course if you don't know the destination?

Remember that success is not always a straight path, and sometimes you have to take detours to reach your destination.

Especially if your property lands in an obvious vacation destination market. 

This town is not a tourist destination by any means. 

Price points from $50k to $5MWhile Chicago is a tenant-friendly city if you build the right team you are destined for success.