(Max vacated rents - your monthly mortgage payment) = +/- net cashflow.

PM gave him 60 days notice to vacate few weeks back.

Quote from @Ryan Marble: I'm just starting in the STR market in the Orlando and Tampa areas and was wondering what all of you experienced vacation rental investors would say are the 3 most important tips or advice to running a successful/profitable vacation rental in these areas?

We now budget for vacations, home improvements, car savings, medical savings, Christmas fund, etc... 

The past five years here in Oregon I've focused almost exclusively on investor related acquisitions and sales of vacation rentals, multi family complexes and commercial real estate. 

I have a vacation rental in North Carolina and I'd say at least once a month I get asked by someone looking to book whether or not it's accessible.

Might have to take a trip out to the Russian River to check out those STRs for vacation purposes (not buying for myself...

I work 40 hours full time, spend another 50 to 70 hours on real estate, working about 10 to 15 hours everyday, 7 days a week, no rest, no social life, no vacation, just work work and work, it turns out to be good after many years of 100 hours weekly hard working.

If she does not leave at the end of the lease post a 3 day notice /eviction for failure to vacate.   

An investment property only requires 15% down even up to 4 units and only 10% down for a Second/Vacation home.When you talk to the Bank for example we run the numbers to ensure you have enough money to cover downpayments, closing costs, renovation/repair money etc.