Often times there is a significant amount of vacation rental infrastructure in place (cleaners, handymen etc.) but you can still easily stand out and have a killer place. 

Rentals turnover’s are a killer and time taken to make rent ready and expenses involved are a huge frustration.

The deal doesn't have to be killer, if I need to pay a couple hundred bucks per month I will be ok with that

So if you're looking to BRRRR, the price at which you buy, which is where you make your money, has to be super low for it to be a killer deal!

Every month it is not leased you are losing that rent and that is typically a killer.

, you may find it easier to do distance investing vs in the same state.I have three doors locally (single fam and a single fam we turned to a duplex), but ultimately my husband and I are more focused on the long distance investing as it's hard to make numbers make sense out here in Utah.That said, there's amazing real estate groups and meetups out here, and if you do want to buy local, getting connected with those groups will be the best way to hear how we make deals work out here, or killer deals that are hitting the market or that might be off market deals.Best of luck to you as you start out on your real estate investing path, we're all here rooting for you!

The most important part is the team. if you can build a killer team of handymen, cleaner, and a couple trades you can manage anywhere.

Then buyers will be looking at your postings first.My personal record for a killer deal for me AND the investor22 hours from me signing the option ( buy) paperwork to signing the assignment$50 ( fifty)… five…oh… FITTY dollars out of pocketMy “ option to buy price”..$15,000My “ Assignment fee” …$. $17,000Assignment deal completed 22 hours after I signed the initial docs.Sound like a rip off?

HOA fees are killer, but the house will rent less i'd imagine so really have to factor that in from a return standpoint.

The returns are good but it comes with the sacrafice of time.You hit on the major pitfalls associated with these properties, the killer is the increased turnover costs espcially if they come on the heels of an eviction which costs you money as well.