First steps getting started in Vacation Rental Property Investing

[Max Tierney]

My brother and I are looking to get started in the vacation rental property business. We have $100,000 saved between the both of us but are not really sure the best way to go about investing it. Would it be smarter to put a down payment on multiple single family properties or go for a larger property in a popular area?

Next question is location. I live in Kansas city right now but we are wanting a property that is attractive year around so we can maximize its occupancy. Do you guys have any advice on where to look that will generate most cash flow?

Last, what are the first steps that we can take in order to get this started?