In other words customer wants a spec house (at production hours cost) versus a production house, which if you are not set up for this, how do you price it as a non custom builder for only one home? 

Looks like a mixture of $1mm to $1.2mm versus $600k to $800k homes in the area. 

As for ourselves, we are always looking, but not buying at the moment as we think our money is better off sitting in a high yield savings account, versus locking in a high rate on a mortgage.I'm not trying to be a nay-sayer - as real estate is awesome.  

If you use AirDNA you can see true revenue versus revenue potential and a lot of comps I look at have considerable blocking.For my clients, may are truly second home buyers who do plan on occupying the property part of the year. 

There also seemed to be a lot more room to renegotiate management or purchase contracts versus residential where people tend to tell you things are set in stone. 

In vacation markets, I'd be a lot less concerned about changing rules on Airbnb and would expect stronger appreciation, versus in a normal city.

The amount of effort versus a flip is so much less, and your taxes are WAY better.

Does anyone here use Propstream or PIN5If so, which one of the 2 world you recommend for a new investor?

But ultimately, because of these risks, most real estate investors see most of their return from appreciation versus cash flow.  

I think property managers are like other service providers (real estate agents, contractors, etc) in that it is much easier to find a bad one versus a good one.