Investing in vacation rentals in Florida coast ?

[David C.]

As many of us are experiencing, prices of homes and condos nationwide are up quite a bit. I have been looking at consideration of costal vacation rentals in the Florida market. I have been centering on properties close to the beach (less than a 5 minute walk). With these being more desirable locations and prices being so high, each property that I look at, the numbers just don't support a secure cash flowing opportunity, unless vacancy is very low. With so many other vacation rentals also looking to capture business, it seems these properties essentially price themselves outside of a small business investor due to the risk of not cashflowing, and/or low CoC return. Have others had the same experience?