@Olecia Williams Though it's still possible to purchase a second/vacation home with only 10% down, it may not be your best option. 

🚨 DISCLAIMER - This post isn’t for you if:❌ You think a vacation rental is just a place to sleep.❌ You furnish with the cheapest finds, not a strategy.❌ You believe all guests are the same and unique design doesn’t really impact revenue.❌ You’re unfamiliar with an analytical approach to design and assume insights like these are just opinions, not proven strategies.❌ You think using emojis means I copied this from somewhere—I’m just a millennial who likes to keep things engaging.BUUUT if you’re an investor who wants to attract high-paying guests, increase your nightly rate, and create a rental that markets itself, keep reading.A question I get A LOT is: “How can I market my vacation rental?” 

If owning them makes my life better by providing a free vacation, then hold on for the long termAt some point, I discovered that if I stay there when it could have been rented, it isn't free

If you’d like to own 10 SFHs that’s a way different trajectory than someone who wants to own 100 units of multi family and different from someone who wants STRs in different areas so they have a place to vacation occasionally.

I have been selling and managing vacation rental investments at Pointe West specifically since 2006.

The first thing I want to point out is that it may be wise, in your thinking, to separate the property itself from the STR business that's being run from the property.In the old days (as recent as 10 years ago), people buy a vacation home to enjoy, and they leave it empty when not in use. 

So, splurging on a pool table, hot tub, and a telescope to enjoy the views would yield significant returns.I'd love to hear your thoughts!

I enjoy the book - it gives a great overview of the STR world and specific details on how to get started. 

Love seeing how BiggerPockets has evolved for the better and enjoy reading the threads.

Even if one unit is vacant, others can keep cash flowing​​.Short-Term Rentals in Tourist Areas:Think vacation homes or properties in bustling city centers.