I'm not confident in the Portland tourism market but I have both long term rental duplexes and short term rental single family homes and the STR's cashflow 5-6x the LTR's.  3.

@Ben ThompsonI can't speak for every city, but I will piggy back on everyone else, it varies.You're more likely to experience changes in cities that aren't solely dependent on tourism (i.e.

I think that this will be a huge success due to proximity to the Naval Academy and the tourism in the area.

There is no tourism, just refinery contractors. 

This area has perhaps 1000 permanent residents and the primary economy is tourism and always has been. 

For years the guys on the BP podcast said it wasn't passive enough and then COVID hit and they changed their tune, driving a lot of new STR investors to our markets that thrive off of it and tourism.

That stupid idea that you should find what you like to do and make a business out of it doesn't work, if you are a surfer/hippie in the middle of the Vietnam War, getting drafted and watching the counter-culture riots and demonstrations on the streets.

There is a rental market here, not just tourism.

This little town benefits from student rentals, tourism through events, Willamette River, and a slowly expanding downtown scene. 

There is a shocking amount of tourism there and young adults travel from around the county and the world to work at amusement parks and water parks in the area because the companies provide internships and work visas.