They are producing about gross 130k on vacation rental market.  

Bought and managed properly, real estate will provide you plenty of chances to take vacations and ultimately achieve a lifestyle away from all the sane people so that you can deal with your craziness.

Send a LEASE NONRENEWABLE Letter That gives the Tenants 30 days to vacate.

IF it doesnt get picked up on BP, let me suggest this.Advertise it in both Cleveland and Cincinnatti (bigger towns near you) on CL, as a vacation or resort land suitable for building your dream cabin. 

He stated he would have to speak to his lawyer and wouldn't be able to get back to me until probably a week because he was on vacation.  

(hand deliver to anyone over 16yrs, taped to the inside of the main door, or via certified mail)Once you've sent that, you can send a notice to vacate property via the methods above, but if you are giving them the option to pay rent in full plus late charges, you can send via certified mail but you have to give them 5 days instead of 3.

if they are still in the place i would just leave as is until they vacate, too much risk they will damage the new one again.

So, my question is, has anyone done this for the Vacation Rental properties?

personally, i like the real estate market in florida. like any other state, there are good an bad areas in florida, i am sure, so you would have to scope out the areas you would like to invest in and see what they hold for you. take a vacation to an area that you would like to invest in and drive around a bit. if it looks like a bad area, mark it off your map. if it looks good to you, do some research on the area. look for vacant houses. talk to the locals, etc. then, make your move. i would not invest in an area that i am not close to. keep it local. if you get a new job in the same field that you are in now, FHA will consider it the same as if you stayed in your current job because it is a related field. the big plus, the weather. here in western new york, we get about 4 months of the year where you can do decent outside work on a house, then you have to fight the weather for the rest of the year just to get a place finished. and lets face it, you will be rehabbing a house, so why not go to an area where you can work on it nearly year round?

I have been using them for vacation/nightly rental for the past 2 summers (bought them in April '14) but have found VR to be far to active, and not really all that lucrative when additional taxes, laundry, furnishings, amenities, etc. are factored in.