Yes the Cosby guest is seeking a different vacation experience than the Gatlinburg guest.

I am in Illinois, and my vacation rentals are over seven hours away. 

When the tenant admits to struggling to pay rent, it's inevitable that you will have to deliver a notice to pay or vacate.

They need to vacate and it is up to them to find other accommodations. 

Even five years ago, most properties on my street were either vacation homes or full time residents.

I’ve been waffling over vacation destinations, being just one season and Uni’s with football teams, have been deep dive researching this for a couple of months and keep chasing different cities.

The only challenge we ran into was the tenant needed an extra week to vacate the property, also this occurred during the 4th of July holiday so a little stress but the property had to be delivered vacant so we made sure that happened.

(Max vacated rents - your monthly mortgage payment) = +/- net cashflow.

The m2m tenant presumably has lived there for MORE than 12 months, so based on AB1482 "no-fault eviction" legislation, you cannot simply give notice to vacate.

Being active duty military, if you wanted to remove yourself from the day-to-day operations, a vacation rental management company would probably take 25-30% of your revenue.