Phoenix hits the mark for what we want in terms of cash flow, demographics, and price point.

@Stephen Day check out https://www.vestmap.comYou can use the free trial time to see demographic info that may help in your search.

And starter/downsize homes are demographically likely to hold their value right now.

The demographic being targeted is snowbirds (older/retired population), so the typical components that would designate a 'true vacation market' aren't necessary to facilitate success.As you stated, the city technically does limit the minimum rental period to 7 days, however, that is not something they are currently able to enforce.

You'd then go to the website key in demographics and it should provide you with Leads. 

He/She can give their opinion based on your neighborhood demographics and other criteria.

I read a recent Census Bureau that states:By the year 2030 will marks an important demographic turning point in U.S. history according to the U.S.

The second hardest part is MARKETING - for both sellers and buyers - that of course depends on consistency and the market demographics.

What's the demographics for this area?

If the property has strong demographics, in a great location and there are NOT a lot of apartments in the area; it comes down to you having the liquidity.