When I questioned it he said it happened to him so he had to consolidate 2 loans to avoid the higher fees.

I have no specific properties in mind as of now, but wanted to reach out to all of you and see what factors I should be looking for/at once I am physically there.

They rent well the value dynamics are different thean dry front properties of course and the factors that @Wayne Brooks mention are important. 

Collect fees and if there are damages you can go through insurance. 

It's not so hard to manage an LTR from close by but if you're thinking of being more than an hour away, you might also need to factor in PM costs which might take away from your potential cash flow. 

If not, the agent can ask other agents, and so forth.10% pm fee... 

There are a lot of factors to consider when get a cost seg study to determine if the benefits outweigh the costs.

However, I'm interested in more detailed guidelines regarding the specific categories of expenses and income, as well as any operational assumptions you might advise.For instance:General and Administrative Expenses: How do we determine if costs related to software, credit card fees, office supplies, etc., are reasonable based on the size (square footage) of the facility?

Not a huge a mount of cash flow and since only 1 property, want to minimize the fees as much as possible but also setup a process that can grow with me.  

It's important to stay informed about local laws and regulations.Market Volatility: The real estate market in vacation spots can be more volatile, with property values and rental demand potentially affected by factors like natural disasters, changes in tourist preferences, and economic downturns.HOA Fees and Restrictions: Resort condos often come with high Homeowners Association (HOA) fees to cover amenities and maintenance of common areas.