Just be aware that there are vacationers on the other side of the equation. 

The economy is driven by vacationers.  

Vacation rental market is very tough in San Diego as there are a ton of properties and vacationers are very specific when it comes to location.

My thinking behind that is I could rent it to vacationers and also use it for a quick getaway for my own family! 

In the coast is tricky as for nicer and more appealing areas for vacationers the real estate sky rockets.

One mile from the beach and few miles from other amenities is just a bit too far for many vacationers, especially with all the competition from WI Dells and Blue Harbour, to name a few. 

If that's the only draw for vacationers, you might not have a good long-term draw to the properties.

Could be good for vacationers rentals. 

This  is a very knowledgable group and i hope i get some of your wisdom/guidance heremy question.......i own property #1 will a full time tenant........property is mortgage free (I'm making money every month after maintenance and property tax and insurance, renter pays all utilities)Propert #2 is a 3 unit building with mortgage and profitable as well.Property #3 is realized that i can make more income by buying a beach house and renting it weekly for the vacationers during the summer months and make even more money in a 3 month period than i would on a yearly lease with 1 renter. ** however it is a little more work, short term leases for 12 weeks out of the year, returning security deposits back to each of the 12 renters and ensuring the cleaning service completes the "turn over service" in between check-ins.  

Success is easy when there's a giant festival 1.5 miles from your house, and I've got my work cut out for me making this a year-round destination for vacationers, group gatherings, events, workshops, and possibly even wedding.....but hey, off to a strong start!