My advice would be to start reading, develop a plan, and connect with others.

Hello all, Just curious as in the first couple of steps to start focusing on when it comes to developing a business plan for vacation rentals?

Now, at a time in my life when I'd like to be slowing down, I'm out of cash and out of prospects.

I spent most of my cash on my down-payment and remodel, however, with the work I did (and rising home prices) I have developed a good amount of equity in a short time.I have been approved for a HELOC of (roughly) 150K, which I want to use to invest.

There are a lot of costs involved in development.

I have yet to have one but "vetting" a prospective tenant 3 deep for every reference.Here is a video that explains 3 deep.http://www.youtube.com/watch?

I have developed a habit of purchasing homes in the city I move to and when I depart I rent the home out using a property manager.

From a home prospecting standpoint that is.

That's what i'm doing...and along the way develop your own set of questions and notes.

We never do a mass mail to a geographic area - it defeats the purpose of "direct marketing", which is to market directly to your intended prospect with laser focus.