What works best really depends on your goals and risk tolerance, but here’s a quick rundown of what I’ve seen happening in the area:STRs: These are still solid in vacation-heavy areas like Naples, Fort Myers, and the barrier islands.

I just finished the BP book by Avery Carl and am hoping to borrow from ourselves to fund our first vacation rental. 

Ko Olina is a beautiful spot - and having a vacation home there for your family while focusing on capital appreciation is a smart move. 

But tell them what you are doing precisely - vacation rentals, not regular rentals.

Quote from @Collin Hays: I visit fairly often with investors looking at a certain vacation rental property to make an offer on.  

Also this is in West Palm Beach targeted for families on vacation.

Examples might include areas in the Midwest, Southeast, or Sunbelt regions.Multifamily Properties: Consider duplexes, triplexes, or small apartment buildings to increase unit count and spread risk across multiple tenants.Short-Term Rentals: If you’re comfortable with the management requirements, STRs in vacation or business travel markets can offer significantly higher cash flow potential than traditional rentals.Value-Add Properties: Look for opportunities to buy undervalued properties where you can force appreciation through renovations or better management.Decision FrameworkRun the Numbers: Compare the projected cash flow, equity growth, and tax implications of selling versus holding with a refinance or HELOC.

Finally I came to my senses and served them a 'Notice to pay rent or vacate by the 10th of January' after which I plan to file an eviction.

I use Beyond pricing in my vacation rental markets and Pricelabs in my city/mid-term rental markets.

Many of my customers who are traveling nurses buy condos or townhomes in Florida as vacation homes, then rent them out when they're not in town.This system has proven to be very lucrative, as it allows them to service the mortgage debt and generate a good cash flow.