That is likely to avert a repeat of the 1918 epidemic but it will negatively impact the tourist industry for the near future. 

If you BiggerPockets user are considering or have a client interested in investing in a property that allows you a few days/months off, and to make a profit the rest of the time, the touristic Playa del Carmen in Riviera Maya is a perfect option. 

Personally being in a summer tourist town I think cutting that down to 2-3 night min would look more like 32k a year minus cleaning service. 

The ones I've seen are a few stories, and they worked pretty good, but it was in a tourist area, so quickness wasn't a big factor. 

Wheww i don't think you can hit all the targets but the real question is do your want to be around tourist?

I know the French Quarter and the Central Business District are big spots for tourists, but are there any others that you would recommend?  

Again, the caveat is, eventually it will be a property I would live in so not exactly looking for a tourist area.Thanks

The current LTR market actually supports the $10k figure for (3x) remodeled LTRs only steps to the beach, however as was pointed out, who knows what the future holds, especially given potential continued COVID impacts on our island/tourist-driven economy. 

So we have an opportunity (maybe) We live in a tourist/retirement area.

If you're looking at something other than a college town or tourist areas (which are unlikely to have properties that inexpensive), I'll bet that you'll have a harder time than you think selling off those new lots.In general, unimproved land moves more slowly than regular homes.