Then, educate yourself on the different choices (equity versus debt, residential versus commercial, core versus core plus versus value-added versus opportunistic, retail versus office versus hotels versus self storage etc.).

If you want hands off returns, but you like RE, you can buy RE stocks (REITs, builders, hotels, PM companies, baskets of commercial properties mixed up or industry specific, etc).

Same for Palm Desert, La Quinta etc2) For vacation rentals look to were the hotels & resorts are located, as these are your prospective tenants.

What percentage of Renters intends to have a big loud party that would get them booted from a hotel room (???)

My dad lives up in the Murrells Inlet area & has a STR in an older hotel.

I did learn a lot from that “ hotel conference”Over the three days.

Of course, but that's the price I pay for living in a non-cash flowing marketplace.If I tried to do it myself, I'd be paying for lots of flights and hotel rooms, and of course the time spent trying to find the deals, find the crews, find the tenants, etc... all that costs money so it really wouldn't be cheaper for me to do it myself when investing out of state.

Now if you were operating a short term "vacation rental" you may have business taxes to file and of course all hotel/motel operators must collect and pay Sales & Occ Taxes + County Taxes and here in Dav Co, a Privilege Tax (for the new Convention Center).

It should look like a hotel room when they are done.

My friend had to evacuate his home and stayed in a hotel until the tree was removed.