Summer Vacation Rentals - Are they worth it?

[Scott Savard]

Hi BP Members - I'm curious to get options on whether or not you would invest in Summer Vacation Rentals.  

The rentals in this specific market are only open approximately 6 months out of the year, from the end of April through early November. The prime rental season for the area would only be from June through Mid September, so about 14 weeks. The homes are approximately $200,000-$300,000 and rent by the week from $1000 -$1700/week. 

Tax Rate $20/$1000

Assuming you self manage the properties, would you invest?