I want my occupancy (and revenue) to be maximized so, for me, it's very important to have something unique that the other places don't have so my condos will stay rented throughout the low season and in case of a downturn in tourism.

Check Mexico's tourism statistics.

We bought a 140 unit fixer facility in Louisiana awhile ago and are having a tough time filling it up.

I’ve helped several clients in similar situations find their first vacation properties here in Florida, and the Panhandle is fantastic for beginners because of its year-round tourism and robust support networks (property managers, cleaning services, etc.).

Multifamily is the most common one, but some groups also do self-storage facilities, student housing, commercial properties, and others.3. 

Focus on truly STR-friendly areas like parts of Woodstock or Hudson, where regulations support tourism.

These are the different properties that are included in the 1031 exchange requirement: commercial buildings such as offices, schools and different establishments that are important for the population, as well as single family rentals, multi family rentals, industrial facilities, and even raw lands are included in the like-kind.

I have not looked at apartments, but the condos I have researched have a minimum 30-day lease requirement, so be aware of that.One concern I have with short-term rentals is that they are dependent upon tourism.

Within 6 months of putting the property on the market, we sold the now warehouse facility for $1,075,000.Let us know your thoughts about purchasing below TRUE market value, and strategies you’ve used to build real estate equity/wealth.

Investment Info:Other commercial investment investment.Bought the facility in the fall of 2022.