@Will Bert,A lot of people have been chewed up and spit out by the job market as a result of the economy, especially in the time frame you mentioned.If due diligence leads you to believe they are trustworthy even with their history, I'd recommend compassion.My $0.02...David J Dachtera"Success is not a destination.

David J Dachtera"Success is not a destination.

David J Dachtera"Success is not a destination.

Hi All,I'm looking at a Single Family Home in a beach vacation destination and trying to run the numbers.  

My wife and I are looking to buy a primary residence and we are looking in specific neighborhoods within our destination city in central Texas.  

It's our annual vacation destination.

The general is as follows:-have a builder that owns a property with a partner on a British Overseas Territory-vacation destination with soon-to-increase traffic via increase in major cruise line stops-they have additional property to offer (at least a portion of) as collateral-plan to build 13 condominium units to sell (already permitted); builder claims to be able to construct in 5 months-looking for an individual or organization interesting in financing the project as a Joint VentureNeed an appropriate staging ground (perhaps within this site?)

The group meets once a month in Pensacola and Destin. 

In my opinion properties well suited for vacation rentals have:A great location for touristsNear outdoor / recreation destinations (beach's, ski resorts, etc.)Near nature (on a river, lake, ocean, etc.)Or perhaps a great location for business / corporate housing (Downtown, near major companies, etc.)Decent demand year-round (If it sits vacant 40 weeks out of the year you would be better off with a long-term tenant).Great amenities (WiFi, TV, Furnishings, Linens, Coffee, small appliances, etc.)Accept credit card paymentsPool / Hot Tub is a nice bonusOutdoor space at the property (Deck, balcony, patio, BBQ area, etc.)Pet friendly (not required, but will get you more interest)If your property seems to meet many of the above characteristics it is probably well-suited for a vacation rental.Some major differences you will need to figure out (compared to long-term)Who will do routine housekeepingHow will you get the guests moved in and out (lock box, in person, etc.)What laws govern your locationsWhat tax implications (bed tax, reporting, etc.) will you have to figure outHow much extra will you need to charge to make all the above worth it.

It's EXTREMELY block by block in the City, and one thing that comes up is how rapidly things change from block to block even in "destination neighborhoods" e.g. yard size, historic details, curb appeal, home size, commensurate ARV, rental rates.