.- Buying that first STR property in a “hot” vacation market that isn’t local therefore seems like one of the highest risk investments one can possibly make.I will not be surprised to see pain in several similar markets around the country, perhaps including certain desert locations that surged in popularity, certain lake areas, and the pain may extend to even areas like CO mountain towns, despite the fact that unlike the smokies, people do travel from all around the world and country to get there.

Of course any incoming project of this magnitude will generate a vast amount of speculation, but personally I do agree with the popular opinion on the positive impact it will have.

Not sure Zoning, but I have noticed Flex Warehouse Space becoming very popular.

One of the most popular for investors is absentee owners with equity (title co's won't give you equity in CA).

Most PM companies have a requirement where the tenants income needs to be 3x the rent per month.There’s more to it than that - but it’s a lot to type out.It’s a popular strategy for those looking to get into STR/MTR and can’t afford or can’t qualify to purchase a home themselves. 

@Scott Morgan Great questions that I'm glad to answer.FIG in Utah is a popular group.  

You are correct a popular commercial store adds value to the overall property, but that value is added into the sale price, it doesn't affect the monthly CF/operating return for the landlord.

Another strategy that is gaining more popularity in urban markets is Co-living.

Actually there is and it's very popular and can be found here https://www.biggerpockets.com/forums/67-rehabbing-...Your question depends on the style of the house and the price point.

Boatsetter.com is a popular one.