I believe the Island has a lot of potential as lots of people are moving here to live and purchasing vacation properties too.

We are beginners looking to start up a business with residential rental and vacation rental properties.

Vacation rental experiences welcome too!  

In the mean time, while you save up some more, it's free to cruise zillow, realtor.com, etc to get a feel for the comps in your target neighborhoods.

This high interest account has my personal funds too, emergency fund, car fund, vacation fund, ect....but i keep a detailed spreadsheet on how much is in each fund. 

. $750K & condo is around $360K), cash flow via (legal - not illegal vacation rental) rental income is extremely difficult unless you buy all cash.

I understand that in an economic recession or depression, rental properties all over the US can be affected, but my sense is that the first thing people cut from their budget in bad times is vacations, so Orlando and Las Vegas may be more sensitive to severe economic downturns than other areas since their economies appear to rely very heavily on tourism.  

I'm a little dubious about multiple renters because of local vacation rental ordinances and restrictions.

All 12 cylinders are firing.....most of the time:)    We all get to go on vacations and leave the computer behind knowing the team has it under control.   

Funny thing is if you are buying a second/vacation home you can get a loan with less down even if you only spend the minimal time throughout the year.Anyway I am looking at  private funding for my next project.