I'm looking at a property in Destin, FL and I'm trying to determine an average cap rate for a condo located on the beach. 

Gatlinburg is a 12month vacation destination.

the trailer park idea that @Vonn Peterson threw out was genius. when i entertained the thought, my plan was to choose a destination where I wanted to travel alot.

I enjoy that you and your wife rent; in this market I think it's extremely smart as it frees up monies to invest, you guys are fluid to stop and stay for a while at one of your destinations, etc.

, there are some aspects to the business that we don't even know we should be using to evaluate our potential move.I guess what I'm asking is: what sort of things should we be looking at in choosing a state (realizing that within a state, things can vary widely - but we have to start somewhere).Our intended destination is somewhere in the southeast, if that helps.Thanks in advance!

You'll want to get the deed right away like any subject-to,  and close the rest of it in due course.David J Dachtera"Success is not a destination.

Often short term rentals are marketed to vacationers and investors often look for vacation destinations to purchase.

I've toyed with the idea of Ogden Valley and Powder Mountain since the goal of the new ownership there is to build a village and turn it into a Park City style area, but it's already priced like it's Park City.Even the mediocre western ski destinations have exorbitant real estate pricing. 

I am looking for an REIA meetup or fb page in the panhandle Florida area preferably Destin but from Pensacola to Destin.

By breaking the end goal of 10,000 miles down into smaller individual sub-goals of individual steps and before you know it you are arriving at your destination.