@Kyle D.Some of this is obvious, but in my experience...Mobile Home parks have mobile homes that stay there year round.

The tenant seemed nice enough and was glad to have my info along with electronic payments (they previously had to drive 60 miles round trip to drop off payment). 

In my opinion properties well suited for vacation rentals have:A great location for touristsNear outdoor / recreation destinations (beach's, ski resorts, etc.)Near nature (on a river, lake, ocean, etc.)Or perhaps a great location for business / corporate housing (Downtown, near major companies, etc.)Decent demand year-round (If it sits vacant 40 weeks out of the year you would be better off with a long-term tenant).Great amenities (WiFi, TV, Furnishings, Linens, Coffee, small appliances, etc.)Accept credit card paymentsPool / Hot Tub is a nice bonusOutdoor space at the property (Deck, balcony, patio, BBQ area, etc.)Pet friendly (not required, but will get you more interest)If your property seems to meet many of the above characteristics it is probably well-suited for a vacation rental.Some major differences you will need to figure out (compared to long-term)Who will do routine housekeepingHow will you get the guests moved in and out (lock box, in person, etc.)What laws govern your locationsWhat tax implications (bed tax, reporting, etc.) will you have to figure outHow much extra will you need to charge to make all the above worth it.

Offer almost all types of Investments Funding, including Mutual Funds, Business Loans, And Commercial Loans for companies, Real Estate, Refinancing, Debt Consolidation, Land and Construction, Vehicle and all way round.

Round up investors and take on a few more tenants.

(numbers are rounded)Be sure to evaluate every aspect of the property. 

Since recessions come round every 6 years on average one is now overdue.

First, all these years it was on a negative cash flow-meaning i was paying round $120 toward the mortgage.

Does anyone have a recommendation for a portfolio lender in North Austin (Round Rock) area?  

Thanks everyone for all the well-rounded advice.