Anyone Own a Lake Rental Property? Share Your Experience

[Morgan Porter]

My wife and I spend quite a lot of time at a lake in southern Virginia (Kerr Lake, aka Buggs Island). We are contemplating buying a house down there and setting it up as a vacation rental. I know all houses are different and every lake is different but does anyone here have a lake property they rent on AirBnB (or similar site)? What was your experience? Can they pay for themselves or generate real profit?