Best vacation home location?

[Ray S.]

I'm looking to pick up some vacation homes for passive income. I want to be able to do weekly rentals at least, possibly weekend rentals if allowed. I was looking in Daytona because you can get a house in walking distance to the beach for around $150k and rent it weekly. From what I can tell, they rent for around $2-3k/month, possibly $4k in a busy month. 

Anyone know anything about Daytona or can recommend other areas in FL (or even outside FL) that are good vacation homes for passive income? 

(Ideally it would be nice if they were in desirable locations so I could use them myself on occasion, but not a requirement)

Thanks!

[Avery Carl]

I have 5 vacation rentals in the Smoky Mountain area of Tennessee.  Can get a turn key property that comes fully furnished for 200-250k, and we are grossing 2 1/2-3% of purchase price per month in the slow months, and closer to 4% in the busy season, (May-October).  I'm happy to chat with you about our experience so far there, it's been pretty great, and you don't have to worry about hurricanes. ;)