Prior to these sites emerging to dominance, I wouldn't have gotten near a VR with a ten foot poll; with this new platform, though, it can be incredibly rewarding if executed correctly and something I help interested clients to pursue.As Justin said, how selective you are in the neighborhoods you choose to invest in (AKA: being very thorough with your due diligence and making sure to avoid the neighborhoods where people are likely to take issue with short term rentals operating in their back yard and attempting to make formal changes to legislation) will go a long way in dictating the success you have.For instance, Del Mar just recently put a temporary stop to any new short term rentals operating in the  Zip Code and are currently 'sorting out' the 'unclear verbiage' regarding short term rentals in their municipal code.

There is a VR on the market for $1M and grosses 150k.

Take it a step further - what about child porn?

I'm beginning to explore insurance for a VR that I will be purchasing soon in the SouthEast - mountains not beach. 

I was thinking of Vacation Rentals and I heard from a someone that they have a VR which they have leased to PM company for 5 years and have guaranteed income ?

V/r,Jesse

Thank you,V/r,Jesse

I just found out today that my VR listing is being advertised on Craig list without my knowledge.A lady and her kids just showed up on my VR today as I was expecting new guests to check in claiming that she booked my VR through Craig list and showed me proof of her transaction and the exchange of emails with this person who has been posing as my “manager” for my property.

BUT... in 10 years, we may see a complete disruption in this kind of work as cars and trucks become self-autonomous.HOWEVER, today, this is a totally different story.Here in NYC, 42nd Street, Manhattan used to be a Skid Row with lots of Video Porn shops, maybe even low income housing, etc.Same with a lot of other neighborhoods everywhere in NYC, especially in Bed-Stuy.What was even worse was that there was a Purge in Mental Institutions back in the 60s or earlier, I believe.

Not long ago I found myself pretty burned out by the Biz, but my VR portfolio is creating enough income for me to live on, so I've taken a step back and am focused on real estate now - I've been enjoying skipping the 4am wake-ups!