The good news is that there are still investable vacation rentals but historically the barrier to entry is growing each year. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I asked the question so I could make sure there weren't scenarios like this I wasn't considering.For context, I'm not talking about historical homes in places like Martha's Vineyard.

Jan and Feb are historically slow but a few suggestions I have are1.

For example, in Dec I had one property 100% direct/VRBO which historically 40% Airbnb.

Identifying these trends and targeting high-demand areas can yield solid returns.Long-Term Stability: Real estate has historically been a stable, appreciating asset class.

What I think you'll need to find out from lenders/banks/credit unions is how much historical timeline they'll need to review to support the valuation/income.

North Park buyers might love a historic Craftsman with modern touches, while La Jolla buyers want high-end finishes and panoramic views.

Hello Robyn,Is the building in a historic district or considered a landmark?

This is also (historically) where the best appreciation is, and our growth continues to feed that well past the covid boom.