Southern California Vacation Rental

[Trevor Lohman]

Hi everyone!

I'm thinking of purchasing a vacation rental in a Southern California city that has several wineries. To me it seems that there is further need for lodging in this area. I'm just wondering if there are any guidelines/formulas for VR's similar to the 2% rule for sfr's. For the quality of the area, and the fact that it's in Southern California, prices are pretty "reasonable". Roughly 350k for a newer 4 bedroom home. What kind of occupancy rate and nightly rate would make this deal make some sense?

Thanks for the help everyone

Trevor