We started later, some of the hotels never bothered to open, restaurants have been a little slower, our July 4th celebration didn't appear to have half the usual people and none of the vendors, etc.

That culture was visible years before covid and predictable.

Another bonus is diversity: an area with lower owner occupancy rates will tend to be more diverse, so your kids will have the good fortune of being exposed to cultures other than their own.

Tenants come from different life situations sometimes creating a culture of mediocrity.

But in mind that this has created a culture where my tenant is $1200 behind in rent and they are making an additional $618 in fees. 

The "wanderlust"/YOLO culture Gen Z and Millennials have nowadays. 

The celebrity I think bought legitimacy, completely undeserved as it turns out, and I was taken in by the allure of passive income via real estate investing.

I learned quite a lot about the challenges of dealing with another culture on this trip.There is a story about an engineering professor who included the question "what is the name of our janitor" on the final exam.

Now I feel like I know a celebrity.

@Mike Dymski spelled out standard underwriting requirements well here for recourse debt.I had 3 of these and am celebrating with each  payoff.