What kind of occupancy rate can you get in that environment?

However, as some have mentioned, the San Diego STR environment is in flux.  

and legal environment?

In this current environment it's important to have multiple sources of leads. 

Most investors who are successfully implementing a BRRRR in today's environment are doing so because they are acquiring their deals off-market (below market value).

Depending on your tax bracket might make more sense to wait it out or transfer that money in a better environment sense you are still working and have income coming in. 

These markets may have higher demand for short-term rentals, which could potentially lead to higher occupancy rates and revenue.Local regulations: Research the local regulatory environment for short-term rentals.

They make for long term tenants and tend to be excellent stewards of your buildings because not only do they want their residents to be in a good environment but also the state usually inspects them annually or semi-annually as may individual providers, guardians, and others.

The local business environment?

I am currently under contract on a vacation rental in the Smoky Mountains (approx. 10 min from Pigeon Forge), with a closing date set for the end of April.My plan has been to move forward with the purchase despite the current environment.