Vacation rental experience in Old Orchard Beach, ME

[Jon Christensen]

Anyone have vacation rental experience in Old Orchard Beach, ME? I may be able to buy off market from a family member but I don't know the market and need to do some analysis with real numbers. Purchase price will probably be around $400K. 2 units - both are 2 bed, 1 bath, approx. 1000sqft. 3/4 mile to ocean. 1 mile to the pier. Bottom unit was rehabbed 6 years ago. Top unit rehab will be complete in August. Would love general thoughts as well as some ballpark estimates on what the units could rent for both on a monthly year round lease as well as a weekly seasonal short term rental. I honestly haven't dug into short term airBnB rentals yet so it would be good to get a sense of fees, costs, restrictions, vacancy in Old Orchard. Thanks!