It depends on your location, size of property, purchase price, nightly rate you can get, your upkeep of the property, and many other factors.If your unit shows well in photos and if you build up some good reviews in the first months, and your pricing is reasonable, it will be consistently rented.We have 3 of them, and all less than 1 year so the jury is still out, but in our experience so far, the startup and ongoing costs have been higher than expected, but all are getting good reviews, so in year 2 (now that they are stable) we expect to do pretty well.You have to make sure your town allows it, and you have to decide if you will manage it yourself and take on that extra work (communicating with the guests and people who will clean/make repairs) or if you will hire a property manager, which can be expensive, upwards of 25%.

@Ben Davis for me timely communication is the key.

That means more oversight from you, worse communication skills, lessor tradesman skills, and overpriced billing. 

Can you relate/communicate with them and their situation?

I have been communicating them and they are giving me the run around.

Really, this is crucial. 3.Always stay ahead of your clients by doing as much research as possible and even crunching numbers.  4.Set expectations from the beginning and learn to communicate this up front.

I also feel we have communication issue with PM on this.  

I would be very interested to begin networking and communicating to people around the Pensacola and surrounding areas to see how I can get my foot in the door.

That is what I was attempting to express in my prior post and my apologies if I communicated anything else to you.Best,Barry

todays agents can be frustrating on the communication side.