My background is in hospitality management/tourism and now finishing up the interior architecture program at UCLA extension (this summer!).

My market has 10,000 Vacation Rentals and is nothing but tourism.

I'm in a large area that thrives off tourism and the area is booming with growth.

Most of us locals don't invest in vacation rentals and instead focus either investing in LTRs, managing for investors, or selling to retirees and investors. 99% of vacation rentals are owned by out-of-town investors looking for easy street.Give that some thought and look into property management fees, hospitality fees, occupancy rates, seasonality, flood zones, HOA fees, non-owner occupied property taxes, and the recession vulnerability of tourism-based markets.

Great demographics job growth tourism etc.

Many condos staked out their property lines right down to the water's edge and vigorously defended it.These two factors alone have had a major cooling effect on the local tourism industry.

Look into the city regulations on short term rentals, and look at what tourism demand there is in your city.  

Thanks Robert.The reasons I'm looking at Florida is that it's a great growth area with consistent demand due to all the various drivers (tourism, industry, etc.).

Solid local economy from all the year-round residents with a strong seasonal economy from tourism.

At one time the area focused on tourism, which was the best direction, but in hiring a new City Manager from southern California that wanted to move into trying to get industry there, they left tourism behind.