Quote from @Michelle Sharko: I’m looking to get a HELOC on my second home which I’ve only used for a few rentals, it’s basically our vacation home. 

@Scott ChampionPersonally, I'd pickup the vacation house for lifestyle and legacy as well as a fun project to keep busy.     

Their lease just ended and they notified me they will vacate.

Other motives for the property isn’t just investment, but also to be able to have our own beach vacation rental we can go to once we move.

If you're near a medical and/or law school, monthly rentals are preferred by those who are preparing for board exams over vacation rentals as well as by visiting professors. 

Is anyone doing this?
I just started and would love to network!

I also have a realtor looking for short term rentals at Grand Lake, Oklahoma, where I have my vacation home, and I have a realtor friend licensed in Missouri and Arkansas whom I'm going to contact to look in Joplin, Missouri and Bella Vista, Arkansas.

thank you for the input those two are the most popular, I use them all the time for vacations and day or two trips, 

Also, connecting with local agents or property managers who know the vacation rental market there can give you insights on occupancy trends and what types of properties are in demand.

For when the house is vacated, cleaned up, and rent ready.