Purchasing a vacation rental as an investment

[Kahanu Noa]

Hey BP, To those that are seasoned in buying vacation rentals as an investment, could you share your experience? How is deal analysis and financing conducted on vacation rentals? Living in Hawaii, my relative lives on a neighbor island and is currently renting a condo that was recently purchased. Her lease will be up in the next four months. A few days ago, a couple of remodeled condos which are "vacation rentable" came onto the market. The plan is for her to live in it as an owner occupant and then rent it out as a vacation rental. Has anyone done this before? I