I have never tested it in court but reviewing the lease it makes it clear that unless otherwise agree the rent is automatically increased at lease end to the weekly rate as its a beach property.

STRs usually do better when they are at destination locations such as beaches, lake homes, mountain cabins.... 

As others have said, you need to look at the whole picture.Somebody buying an oceanfront property in Laguna Beach might be happy with a 2% cash-on-cash return, because they are banking on appreciation.Then somebody buying a 12 unit apartment complex in Cleveland might not do the deal unless they are getting a 15% cash-on-cash return because they are going to see very little appreciation and will need to deal with headache after headache.If just evaluating the cash flow, a cash-on-cash return of 10%+ is right to me.

I am literally sitting on the beach right now and I have guys doing three renovations, two rental returns, and walking two properties.

(Silver Spring and Rockville for instance)

I much prefer Silver Spring, Rockville and even DC over them.

Hi All,I'm a new member in Silver Spring, MD, who read Rich Dad, Poor Dad, and realized I don't have to be living paycheck to paycheck forever!

If you are still at $300k you will not be in the pretty section which is close to the beach.

I live on the beach in FL and do all my biz OOS, MY phone seldom rings. 

Metro in 2022 with the expansion of the Silver Line.