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This is located in a tourist lake/ski town with extremely high demand for lodging.  

They bought a second home near a popular tourist area, lived there for the summer, and rented it out during peak seasons.

While there are fewer native Austinites left, if you find them—especially older residents—they can be an invaluable resource for inside information.Get involved locally: Once the tourists and college students leave for summer or holidays, you’ll realize Austin is still a small town at heart.

This requires in demand tourist areas.

FWIW, where you are buying is NOT a place that tourists come to visit.  

It scares me thinking about trying the Airbnb route but this area has two distinct tourist seasons in the summer and winter so it might be worth it for at least some of the units.

Below each snapshot of the sub-market reports I wrote, you will find all sources cited below each sub-market report.Here is an overview of Alexandria Virginia:- Old Town Alexandria is a major tourist attraction, with constant demand from businesses especially given its easy access to D.C. via the G.W.

Short-term rentals like Airbnb can perform well in tourist-heavy areas like Vegas, but be sure to check local regulations.

Younger people today aren’t afraid of investing in any country worldwide.