. ;) Good luck on the vacation rental play.  

Some aspects of this include doing only the work that is required, periodic inspections and proactive maintenance.If necessary, pushing the eviction process as fast as the law allows.If there is damage (beyond reasonable wear and tear), retaining a reasonable amount of the tenants deposit.Quickly preparing the property after a tenant vacates so it can be rented again without delay.

Appreciation on this hot vacation spot has been 15-20%.

OK, finally back from vacation and my day job is interfering with my investing. 

I've learned a few rules to make sure I'm not over paying but can these rules be applied to vacation rentals?

But it goes deeper, larger debt loads on non liquid assets requires analysis of cash, use of cash, inventory turn over or how fast we turn over deals or tenants, how quickly we collect revenues, tax liabilities, seasonal changes in those areas of business and real estate that are subject to seasonality (vacation rentals, apartments near colleges or seasonal employment, think motels or restaurants or gas stations and C-stores).  

It applies to all taxpayers as long as their home is not also the primary location for their business.Here are some key points worth noting:This exemption applies to primary homes, vacation homes and secondary homes.The rate of the rental must be considered reasonable for its location on that specific date.

I recently purchased a property that will be a vacation home, and vacation rental.

Apartment vacancies would be very costly.BENEFIT of Renting: No risk, can vacate any time in change of life/circumstance/economy.

I have 12:00 noon on the last listed in my leases for the property to be vacated and keys turned I.