And those vacation destinations can also be more prone to seasonality (for both nightly rents as well as a vacancy rates), economic swings, drive-to vs. fly-to vacation spots, etc.  

Do you have a strategy to pivot given you are a fly-to destination for STR?

Have you thought about investing in a vacation rental in somewhere like Destin or Panama City Beach?

If you offer below market on ANY property - probate, REO, whatever - you need to do a full analysis and justify your offer, such as on the property condition, comparable sales, ... all the factors.The point is not just to get a low price, it's to get the lowest price you can possibly justify or negotiate.David J Dachtera"Success is not a destination.

Strong tenant mix of destination tenants and asking cap 7.5 or so where we can buy close to an 8 cap.That's a win for my passive clients as with debt and 25% down we can get 15 to 18% coc going in.

Instead, via marketing skills and filtering out target candidates (income, travel destinations, interest to buy property there, average frequency of place visits, age,...), I would like to offer to seller a chance, if he/she wants to, that I also try for him/her and find potential buyer on my own.

Don't go with a basic title of the street the property is on, but add things that make people want to stay at your place compared to your competitors (ex. speed of wifi, pool, miles to popular destination etc.)

I have a property in tourist destination area in Southern California which I recently renovated.

@Stephan GarciaWe just purchased condo in Destin STR and all the regular insurance companies gave home owner quotes, Geico, Usaa, Farm Bureau, but as soon as we mentioned STR they all said not available.

It's not particularly a family destination.