I do not know what is going to happen, but my rentals are in a tourist town that is closed down and most of my tenants work in the service industry.

The tourist and hospitality industry drives the economy and I just think that that industry is being hit heavily and will be slow to recover from the coronavirus.

My community services tourists headed to Yellowstone National Park.

One big difference that really attracted me to Puerto Vallarta versus other cities in Mexico is that the tourist zone and where normal every day people live is mixed.

They're in urban areas or vacation areas with plenty of tourist getting onto planes and then packing next to each other in the city or beach. 

Cannot go to tourist sites like zoo, Sea World, Wild Animal Park, Balboa Park, Gas Lamp. 

Vegas being a tourist hub and all tourist hubs might have some much bigger hills to climb back up.  

STEPHEN  , I was thinking of investing there  also  , my wife has family  there , we go about  3 times a year   , great city with a lot of tourist  ,  Air Force Base / Army base , maybe  a Toyota manufacturing plant  ,  the city is tricky  on areas  , i would drive around the area and ask  the locals  on the area you are looking at  , great locations and then some , not so great  , but it is divided   , i am sure it will pay off  , Good Luck ! 

The arbitrage deals have had to shift to longer stays but if you followed my advice (which I doubt you did) then you'll realize that I advise to look for more stable Non-Tourist markets where people rent STR's year round for work more so than travel and fun.This post was to hopefully encourage people who are "landlords" (p.s. not me) to not be so hard on their tenants who are having a hard time, holding people accountable for money they no longer have is a great way to drive them into irreversible debt and financial hardship, of which I have experienced at one point in my life and know how hard it is for the average person to escape that kind of rut.

Also - unless you are in a tourist destination that deals with STRs as a matter of routine, good luck getting a local police officer or sheriff to force your guest to leave regardless of how long their reservation is for.