Can one make a full time income on Vacation rentals? Newbie

[Chris L.]

Hi all,

I have been a landlord for sometime and am thinking of getting out of this business and am interested in short term vacation rentals. Fort those that are doing this as their main income, how did you get started?  What type of return do you make on investment? Are there certain rental locations you find most lucrative? Do you have to hire a rental manager and what % do you pay them?  Do you buy houses, condo's or other?  What do you have to look out for or be concerned about when purchasing a property to use as a vacation rental? With Air B&B, don't you get hit with a lot of charges and do you still make a  good profit?  Any advice for someone just getting into this area?  Thank you for your input.