Short-term rentals can be a great starting point, especially in markets with high tourism or business travel.

The tourism demand is strong year-round, especially in beach towns like Panama City Beach or Destin.

In fact, Flagstaff is affectionately called “poverty with a view” because it’s expensive and super pretty but the main industries are basically just NAU and tourism.

A general rule of thumb though (not a hard rule) is that if a market has a prolonged history of vacation rentals such as towns whose commerce is very dependent on tourism like beach or mountain towns, then there is a good chance than those towns have established their airBNB regulations decades ago and are likely stable.

Tourism is a growing segment, but by no means the city's main producer. 

It will take 10 to 20 years for that "Concrete" (plants and distribution) to both be given up (Corporate decision) and then to be moved to other low-cost countries such as India, Malaysia, Vietnam, or South America, etc.

The good places to start investing at the moment are places within a 10 min drive from main urban centers, and which have different types of residents (not just tourism, not just workers, etc).Feel free to reach out in case we may be of assistance.

Then research local regulations and tourism and data. 

Unlike Vegas, where tourism can be hit-or-miss depending on conventions or events, Florida’s Panhandle delivers steady demand every season.

in addition to the military growth the tourism from our emerald coast beaches is flourishing.