Go ahead and blow some money and your credit buying a property you've never seen in a market you know nothing about.

Please comment/connect with me if you are a:- Property Manager- Hard Money Lender- Contractor- Tax Professional/Accountant- Insurance Agent- Real Estate Attorney- Financial Advisor- Meetup Organizer- Wholesaler- Other InvestorI live in Scottsdale so hope to connect with people local to the Phoenix area, but always open to connect with other people in the state or even nationally!

Expect to be a landlord versus money for nothing/ Passive income.

Homes like you are describing are a bit of a lifestyle for awhile (not a bad thing as long as you know that is what you are doing for the weekends and with your free money).   

I own some land in OBX and for years wanted to buy a rental property, but the reality is if it is strictly for rental purposes, you will not make money.

@Namal Burman Sounds like you have an understanding of what you are getting into financially and location wise...go for it if this is something you are interested in and want to pursue. 

Where do you get the money to pay for the mortgage for those months it sits empty?

While these fees are higher than purchasing another rental property, it's a tradeoff to investing in a passive real estate investment and not having to put more money into capital calls if there were big ticket items needing repairs in a rental.Conner JacksonTangible Wealth Solutions

If you can build AI to compile all information about a homeowner to score and rank homeowners based on their likelihood to be motivated I would pay good money for that.

Thanks for your input, I agree that it is wise to really do your homework before investing in a STR.