A friend of yours owns and operates a small recreational vehicle camp on a lake in Daytona Beach, Florida. It is close to the ocean and close to the Daytona Speedway, home of the Daytona 500, and other prominent races. The occupants are very loyal, making reservations far in advance, and returning year after year.

Your friend is asking for your thoughts on whether she should:

• Continue the camp as a short-term rental operation.
• Convert it and sell the parking spaces as condominium parking spaces.
• Or convert to condominium time-share lots. What thoughts would you offer?