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

For my clients buying this as a vacation rental, even if they got coverage and could rebuild after a fire, the value of the short-term rental in Colorado would be ruined b/c no one wants to visit a scorched mountainside.If you're an agent like me working with STR/second-home buyers, or your just buying yourself, navigating the wildfire risks and other natural-disaster risks of a home are now part of the transaction.

The modern vacation rental guest has evolved, and their expectations have become more sophisticated.

Vacation rentals make up less than 3% of all rentals, but seem to take all the blame for our housing shortages.

If tenant Vacated you can NOT evict them unless they left "substantial presence" behind such as personal items, clothes etc.

Do you want to have good cash flow, but not too concerned about the appreciation, or vice-versa, do you want a fair combination of both, do you want a property that is desirable and rents easily when vacated (or sells quicker), do you want to be able to sell it at a big profit in 10 years and buy a multi-family throwing off more cash flow or buy 3 other sfr's, etc.

@Samuel Toma looking for a vacation condo out there any input?

(buy fear, sell greed).You are 100% correct in that we would not base our decision solely on one week of vacation there. 

I’m exploring the idea of using one of the vacation rental software systems with my Airbnbs.

My wife and I own a vacation rental in Panama City Beach, FL.