Similar if your appreciation market is based on a single trait (such as tourism) then the appreciation is at greater risk.  

Add to that the record number of people moving into town long term either as homebuyers or renters and we barely even had a shoulder season last fall.I record year in real estate sales, yes, but not a record year in tourism.

It was mostly construction and tourism, but that may have changed now that more jobs are remote.

So extending it up to gardners basin is a good play for future events, business, tourism and safety.

And the worst part is that it’s located in a tourism town, where 90% of the tenants work in industries that are shut down. 

Especially in areas where tourism will dissipate with required social distancing until the vaccine.

This experience introduced me to the world of property management, hostels, and eco-tourism.  

Do you expect tourism to decline to that point?

Location near jobs, tourism, or other attractions (like an airport).  

If you decide to invest there my 5 cents is do so in areas where there are a substantial number of americans like Ahiji in the state of jalisco or san miguel de allende in the state of guanajuato or more generally in tourism areas popular with americans because these areas bring them income these are the most protected areas of the country.