Best Place to Buy a Vacation Rental in New England

[Pat Chamara]

I am planning to buy a vacation rental property in New England. What would be the best place to buy a vacation rental that has the best rental income potential? Is a year-round rental place (like in Vermont) better than a summer-only rental property like in Cape-Cod? This would be my first such property and have no experience in vacation rentals.

[Kathleen James]

Personally I'd want to minimize my vacancy rate if this is purely a rental property and would be looking into year round ski areas. Stowe is an incredibly solid market. What type of budget are you working with?