Slap some paint and clean them up sell at slightly below market - or new kitchen, bath and flooring which will cost around 50k each and swing for the fences?

This can create huge swings in inventory.- Buying that first STR property in a “hot” vacation market that isn’t local therefore seems like one of the highest risk investments one can possibly make.I will not be surprised to see pain in several similar markets around the country, perhaps including certain desert locations that surged in popularity, certain lake areas, and the pain may extend to even areas like CO mountain towns, despite the fact that unlike the smokies, people do travel from all around the world and country to get there.

We are looking at a house on the West side of PCB and wondering everyones recommendations- would you choose a house- 2 blocks from beach with a golf cart- (I can link the VRBO for anyone to see) or go with a Townhouse in Horizon South.  

Even though China is in a down swing.  

Some people golf in their off time.

Will feel free to connect, I've been in Tokyo 12 years myself and always happy to talk shop with like minded investors.Here I am saying I never go to the meetup anymore (the last couple I went to weren't great) but may possibly swing by at some point tomorrow if schedule allows.

You are then working with a 3% arbitrage margin IF your market swings your way.  

I know some brokers that take support calls for their agents and make 200k to 300k a year and play golf and vacation rest of the time.

Without diving deep on numbers, places like Wisconsin Dells and surrounding areas, Munising, MI for Pictured Rocks National Lakeshore, anything near Mackinaw Island - Cheboygan and Saint Ignace, lake towns near Boyne/Boyne Mountain to get some summer and winter traffic, maybe something near Arcadia Bluffs that sleeps 10-12 to host larger groups coming on a golf trip. 

I guess my only assets would be retirement accounts, my car, and my golf clubs 🤣Is that what you mean??