Tourism Dependency Influences PolicyCities that rely heavily on tourism tend to support short term rentals.

The Fed doesn’t directly set mortgage rates, but their decisions (and the market’s expectations of them) heavily influence them.

There’s less risk involved because there’s no unforeseen issues unlike a home where you might tear into a wall and find termite damage.

That's more true now than ever before as Airbnb has further and further stripped hosts of their ability to reasonably recoup costs from bad guests without sabatoging your own business.  3rd party damage insurance like Waivo or Safely is a must these days but that's yet another cost that feels like nickel and diming.It's just the reality of the business. 

I bought SFR under 20 years old in a market with no damaging weather, stucco siding, and tile roofs for basically zero exterior maintenance.

Even if the government re-opened today, a lot of damage has been done. 

The people amongst the lands require restoration from all of the damages done over decades/ generations..

Then replacing flooring, repainting several areas, redoing bathrooms because the tub had to be pulled, and replacing cabinets that were pulled and damaged when removed. 

My section 8 office is covering damages after a tenant moved out after 5 years.

Guests staying more than 30 days are likely going to cook at least some of their meals, and nothing ruins a stay faster than opening up the cupboard to discover worn, dingy, and damaged cookware.Best practice: Buy a new, inexpensive yet COMPLETE set of cookware, containing at least a frying pan, a covered skillet and two sauce pans.