I'm not sure how you can compete against that and make some serious money, unless you own an expensive villa by the ocean but I'd love to learn if your friends have a recipe.To be clear, I never suggested that you can't make money with a short-term rental in Punta Cana.

A sick duplex 8 houses away from the ocean on the North Shore of Oahu.

Steps to ocean. 

Gold fixtures are making a comeback and they look great paired with light green or light blue accentsFor example in your bathroom gold fixtures, light floors, and maybe a niche and small hint of light blue. 

Also figure disposal costs (mattresses especially) and I am going to guess your stairs need repainting (maybe dark blue or brown treads this time) that is not normal wear and tear. 

Only think I can say is this is why I don't invest in Portland and most of the buyers I work with are coming from blue states.

Im looking to do a STR in Ocean City Maryland and the vacancy rate, if I'm fully booked in the peak season (May -Sept), would be  58%!.

(Yes I know there are other restrictions/conditions.)In the past, I have toyed with the idea of a vacation/rental property in Ocean City, MD, Rehoboth/Bethany/Dewy, DE, and/or the Deep Creek Lake, MD area (I like the idea of being within 3 hours of the rental property in case something goes horrible wrong and I need to travel to the property). 

If you're youngish and like a location and the "vibe" of a property, you'll find other youngish people who like the same thing and want to rent from you.Our house-hacking clients in Denver and Colorado Springs have clients across the spectrum -- students, single parents, professionals, blue-collar and white-collar workers.

Purchase price: $790,000 TurnKey with added value, expansive 10-bedroom, 11-bathroom home on 4.6 acres, just 20 minutes from Blue Oval Ford in Stanton, TN.