This would be a vacation rental. Track record of 80% occupancy. I have a property manager that I am familiar with (This is in HI and I'm in AZ) that oversees 3 other units in this complex. I plan to stay 2-3 weeks each year, but predominantly for investment potential. These units are rare to pop up (I stay in one of the units each Summer) and usually are gone in a week....so I know the opportunity is 'there'.
The goal is to relocate in 4-6 years and use this as a primary residence (but still travel and use as a vacation rental).
I'm confident w/ the rental history of these units and comfortable with cash flow (hate having to initially throw down so much $$......but HI has their 'rules'). Would love to get a few other perspectives.