Otherwise, uniqueness of property and area, but also limited to no accessibility constraints and limited to no hotel presence. 

STR above certain thresholds is generally considered a services business more akin to a hotel, not passive rental income.Confirm with your CPA on the best approach to form and perform tax reporting for your short-term rental business.  

But, here in FL where the #1 source of revenue is tourism, the state wants some of the action and Hotels are fighting back. 

They're targeting credit card companies, banks, hotels, airlines, utility providers, food delivery service, restaurants, auto dealers, event ticketing companies, and last but not least, property management companies.

But it is great for holding if your looking for longevity California City is a Retirement city but it has its attractions as well like silver saddle ranch that thousands of tourist go to every year from all parts of CA they just built the Best western hotel and its still standing.  

Some say a local commercial lender is the best bet, but in certain areas even the local banks don't want the "risk" of a multi-family turned into a boutique hotel. 

Also look to see if there are extended stay-type hotels in your area as that is a good indicator of market demand.

Turns out they don’t want their residential neighborhoods turned into hotels owned by out of state investors.

One major caveat is the real possibility of being put out of your own home if you ever get into a domestic issue with a tenant - I know people who have ended up having to rent a hotel room while they got something worked through the court and their tenant lived in their home, because once you rent to them it becomes "their home". 

The real winners here are Airbnb and the guests who enjoy lower rates than traditional hotel stays.