I am in Tampa Florida so the investment market is huge here for both as well. 

Instead of following trends, tailor your space to the lifestyle of your target market.

hey kenneth, It is really difficult and any market right now to find cash flowing deals.

I would never let a client purchase in certain areas of my local market....

Quote from @Mark Simpson: Interesting use case for ChatGPT Operator:I asked it to do a market analysis and compare a random Airbnb listing to others in the area.

The Japanese market is different in that it is a high yield cash flow market, non speculative investing.

While we are not immune to market shifts, we typically don't see huge bubble bursts. 

In fact, it is usually an automatic no deal unless you are putting 50-60% down for an investment property, but at that point, it wouldn't be worth putting that much cash down on an investment property where you can get much better returns in markets such as Denver. 

Make sure to factor in insurance (slight change as rental), property tax (in our market is 2x a primary res), vacancy (3-5% in most markets), capex (old roof?)

Not familiar with those markets, but here is my experience starting at 22 and what I regret after house hacking twice: https://www.biggerpockets.com/forums/922/topics/1133476-hous...