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.  

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.

As you know, vacation rentals tend to have quite a bit more in property management costs - but in comparison to other, more sought after destinations for vacation rentals (i.e  FL, AZ, where I've seen management costs as high as 25%),  I think Minnesota has great appeal/potential.

And since this property was across the street from a very prominent destination lake, governmental action would be swift and strong should any environmental contamination issues come up in the future to protect the lake. 

My family is looking at the area along 30a near Destin, florida.  

And what I mean by that is that I see PR becoming a destination for tourists & Air BnB users.

If, like me, you are newly arrived to the Niceville/Destin/Fort Walton/Crestview area or are moving to the Clovis, NM region feel free to give me a shout.

Note that we are not suggesting tile here because the grout joints will be the weak points destine to fail again in the future.