Quote from @Kaitlin Scutari: The lease only states how the tenant should give notice- which is 30 days- ""To give thirty days written notice by registered mail or hand delivered to management prior to vacating said premises and to permit prospective tenants the opportunity of reasonable inspection"This was the lease the former owner used- so I just adopted it and was going to implement the standard Massachusetts lease with the new signing (gotten here on Bigger Pockets). 

For example, they need more focus on management and maintenance if you go for Airbnb or vacation rentals.When considering the success of any business venture, particularly one that is centered on real estate, there are a number of things one must keep in mind.

This will allow you to acquire more rental units and also being able to use the vacated unit rents at 75% to help your debt to income ratio DTI.There is a FHA 100 mile rule if you do plan on using FHA on your 2nd house hack.

We are a small vacation rental company that manages short-term rentals for homeowners in Los Angeles.

Will you take an expensive vacation you can not afford?  

Sure they can make it work but the problem with dealing with a boutique business is that often times if the owner is sick, going on vacation, going through a divorce, not licensed or their kid's sick the business shuts down and so does your offer.

If someone buys a home in one of these communities, they understand that it’s a vacation destination.

We use Appfolio for all of the properties that we manage except for vacation rentals.

Does it make sense due to it being a place to vacation to yourselves?

We have a farm in the NC mountains with 4 vacation rental cabins.