New Investor looking for vacation rental advice.

[Antonio Aguilar]

Hi, I'm a new investor and new member to the community. I'm interested in vacation rental properties and have looked into cities such as Kona, Hilo, Tucson, Kissimmee, St Thomas, Las Vegas among others. I'm leaving the topic open to receiving advice in any area of the subject. Location, financing, struggles, pros and cons and how to avoid 'first timer' mistakes. 

My goal is really to generate some cash flow but ultimately to have a multitude of vacation condos that end up paying for themselves. I'm looking at holding them for extended period of time. 

Another question I've come across is the pros and cons of vacation condos that are managed by an association Vs vacation homes that are outside of an HOA?

Are there specific questions I should be asking real estate agents? 

Thank you and I look forward to your replies.  

[Valentina Naumenko]

Hi @Antonio Aguilar

We do vacation rentals in Kissimmee. I am also a real estate broker. I would recommend to look for pool homes instead of condos or townhouses. Pool homes promise higher incomes. Pay attention on taxes and HOA fees. Ask local property manager to give you an estimate of projected income before signing the contract. I will be happy to answer any other questions you may have.