We looked at a Beach in Galveston/Port A but the number never made sense. The insurance/maintenance would never turn a positive cash flow.

Covid made the value inflated as everyone saw the full calendar high price bookings and though it would last forever. Covid came/went and so did the bookings. This is the same throughout the STR/Aibnb market.

Beach homes in Destin, Lake homes on LBJ all following the same post covid drop. Many people who bought during peek covid is cash flow negative and selling at a loss. I am surprised there are not that many foreclosures because I am sure many people are under water.