I'm looking into a property right on the Oconto River, 30 minutes north of Green Bay (I'd assume Packers games would bring in some STR activity as well).There are a handful of STR's in this small town, and the state regulations seem to favor STR's to promote tourism and travel.

I try to lower my risk by purchasing in markets that have had a climb in tourism year over year and all drivable markets such as Pigeon Forge or Gulf Shores.  

In the past, we have had mostly hospitality and tourism jobs that had high demand for rentals due to the low wages they produced.

Nightly rates are quite high because of increased tourism demand.

Other markets to look at would be Orlando because of the huge tourism draw, I think its the most visited tourist destination in the US (Or at least of of the most visited).

The dataset is three correlated but different factors: the property location, the property amenity, and the host factored against seasonality and tourism.   

My goal is to hold the rental long term, make enough to cover the rent and upkeep, and a little more but my focus is on the long term game.investing is always a risk, knowing that right now, there isn’t a lot of profit to be had above the mortgage price, but in a year or two, when most of the renovations downtown are done, and tourism comes in, home prices could appreciate....is an opportunity to make money on appreciation from the property long term something you would or would not consider?  

However, with such expected growth, and revitalization of the downtown area, and knowing/expecting once construction and renovations are done in late 2022, it would be tourism, more people, etc. would you invest there on the principle you want to make money long term on the property?

Most of the city activities are 18+ and I don't see any shortage of tourism.

When you've nailed your locations and found the (potential) properties, dig deep into the ideas that you have - Look at long/short term rent prices in those areas (competitor analysis), try to get some numbers about tourism to see whether an AirBNB even pays off (customer analysis), make sure there are reliable management companies around, how those properties could be financed, etc.3.