My wife and I recently took a holiday down in New Orleans and was astonished by the amount of property that was destroyed and still just sitting there.

I was actually in a similar position as you looking for property at the height of the last cycle (2006ish) ... fortunately I did NOT relax my investment standards and as result did NOT buy at that time ... when the market crashed, though, I was already educated on both REI and the local market from my search, and I happened to be sitting on a pile of cash that I'd been saving to invest.

The lender will want you to go through a title company so they can get a lenders policy, but the procedure is much more relaxed and sometimes they can send a notary to you.

Sometimes I wrestle with the moral component……do I really want to gouge someone at $600/night on a holiday?

I signed up for deal machine just before the holidays figuring that the free skip tracing basically offset the cost of the app.

Rental market usually slows down around the holidays but i am starting to see it pick back up again.

You will probably find summer the very highest demand (interns drive up demand astronomically) and nov and dec the slowest due to holidays and reduced business travel.

I told her I was just kidding and she seemed to relax a little.

Not to mention the fact that you as owner get to enjoy the view and relaxation for yourself whenever it’s not rented.Welcome any questions and would love to hear thoughts and perspective from the BP community regarding vacation rentals.  

This would mainly be summer and holiday rentals.