My friends are divided - some say it’s up and coming while others say that Vegas is usually the hardest hit when disasters happen due to the economy running on tourism.

The area gets lots of tourism due to rafting on the occoe River and mtn hiking trails. 

Not to speak of job creation and tourism through Graceland (2nd most visited house outside of the White House....which could change this year with some of the NE Patriots declining to go, LOL), Beale St, Civil Rights Museum, etc.  

Class B and C multi-familys do not normally see a significant downward pressure on rents even during a Recession because the foreclosure market empties into the Class B and C market for space.However - just take a look at the survey results Dave just did and you see that this situation is wrong-footing investors desire to proceed.The other thorn in the side of this prediction scenario is the labor market  and the lending market- we are going from a historically low unemployment figures at the end of 2019 to a sharp hike in this quarter due to Corona virus layoffs - areas where tourism is big may well be hit by this and you may  see it in the RE market .I do think there is  significant uncertainty about this scenario until a vaccine is found.

You can generally find this information by going to whatever your target market´s tourism regulatory body is, and they should be able to provide you with what they have.

Fundamentals are good (very positive demographic inflow, interest rates are low, tourism is up, local economy is booming).

Also - consider all strategies as STRs due well due to tourism and the beach, mid-term furnished rentals do great with all of the local military and hospitals, and long term rentals have great RTP ratios and a strong population basis.

STR units encourage overnight tourism versus in-and-out day trips.

Winter tourism is not as strong in general and proximity to the Mountain is key when it comes to that.The residential neighborhoods are nice, not really sure at how they'd perform as STR's.

These are the locations that everyone thinks about when they are looking to invest into strs.Pros:Established rules and regulations Tourism Driven markets so they won't ban Airbnbseasy to find cleaners, handymen, managers,etcCons:Highly competitive. hundred of listing to choose from and more are comingEveryone wants to look there for STRs so the price is skyrocketing lowering returnsNew money means new renovations, will this mean 5 yrs down the line you will have to do a lot of work to update?