Maybe some of you don´t mean this  per se but in general your mindset is embracing clear and precise dog whistles that are utilized to marginalize groups, targeting them for discrimination.

"Subtle Art of Not giving a F*ck" by Mark Manson taught me to embrace the fear of failing and use it as a learning tool.

The Riviera Maya and Cancun area for example has has an 8 to 10% capital gain per year in the last 10 years, the politics are stable  and the country's international tourism is booming.

But it illustrates the potential in Bay City.Key Considerations:Seasonal Tourism: Bay City sees an influx of tourists in summer.

Las Vegas unemployment is still above 10% and the tourism industry is just starting to recover.

Shorter terms certainly won't hurt you - lower interest rate, higher ROI on that specific property :-)If you haven't already absorbed it - I recommend you fully embrace the 50% rule - plan like operating costs (excluding financing) are going to consume 50% of your rents. ie don't spend 100% of your cashflow on living and get caught by vacancy, economic downturn, rising interest rates, new roof etc :-)My advice is to just keep talking specifics with your Dad about his investment objectives so you and he will understand each other and enjoy your great relationship.

Is it a place that you grew up vacationing, that you used to live near, some niche hobby that has a travel/tourism element (ice fishing, hiking National Parks that aren't the 6 that everyone knows, motorcycle rallies, etc.), or some other specific knowledge that would give you an unfair advantage over other investors?

Natural to be nervous, but you need to embrace that.If location is truly great, learn to optimize the cash flow or be prepared to weather a minor cash flow storm.

Most S8 tenants have a history of bad decisions and from all that, many have only learned how to game the system.We embrace S8 applicants, but screen them just like any other applicant.Many have an entitlement mentality and try to leverage their S8 voucher and pretend to be helpless:1) A percentage won't apply because they expect a landlord to waive application fees for them.2) Many cry broke and expect a landlord NOT to charge them a security deposit.3) Many of those same S8 tenants trying to avoid paying a security deposit, won't make an effort to call the list of nonprofits we send them that will pay their security deposit if they apply.4) A lot of them try to avoid paying for utilities.

Lots of people in the area will be impacted without tourism economic activity: restaurants, tours, cleaners, property management, etc.I am all about doing what's right with the STR but need to keep the LTRs making enough money to pay the bills.