LEts just hope that the deals were analyzed property in context of worst case scenario so that when worst case scenario happens they still have pants on, especially if we are talking about a buncha old guys or old women....or european tourists..........  

To AirBnB in my city (granted, Miami probably gets more tourist and transient traffic than Thermopolis, Wyoming...probably), Landlords are required to have fire safety systems, those little maps on the back of the door directing people to fire exits, etc. 

I have a great case study in my area in Northern California wine country, there was a manufactured home that was very very nice they built great decks and made a grand entrance it was on 1.5 acres in wine country.

Make sure to break it down by season to account for lower occupancy during the slower summer months and higher rates during peak tourist seasons (Mardi Gras, Jazz Fest, etc.).2.

For example, in our lake house, we do a full wine box packed with snacks and a couple of drinks.

Is it a tourist destination, have a lot of big corporations or hospitals, people needing places to stay between homes, etc?  

I've never done an RE transaction before, but the dream is to have a portfolio of buy/hold properties to rent out for a lifetime.I'm moving to the Orlando area and starting my licensing course in June, I hope to have my license by July to learn the ropes as an agent for a year or so, and then dip into buying some properties myself to rent to tourists in the area.

Like it or not, what we have here no other state comes close to, and it will always be a popular area for business, tourists, and living.

Wine or juice can permanently leave marks on it. 

He wanted to finish developing the property by adding more storage units, but the current Director of P&Z told him the zoning has changed and will only allow him to place "tourist-related" businesses on the property.