For any vacation or rental property, focusing on areas with strong demand, good accessibility, and neighborhoods that attract consistent tenants or guests is key.

Instantly feels more luxurious because these are the photos you see in high-end design.

Of course, you could also take that terrific vacation you always dreamed about, though, maybe not the best use of the money.  

See that on the BP Blog here: https://www.biggerpockets.com/member-blogs/15226/105397-rent...Also, a general note, luxury apartment building supply suppresses rental prices at all level levels (A-C class).

I vacation when and where I desire (I am on my third vacation since the start of Sept).However, high LTV local investors that have purchased in the last couple of years without large reserves or income large enough to cover the negative cash flow are hurting.  

We deal primarily with multifamily and vacation rentals, tax benefits, etc. 

These can accelerate deductions, reduce taxable income, and help you reinvest those savings into more properties and maybe help fund that vacation rental.

As an STR, do your diligence for the area and don't kill profit by vacationing there.

When most people get excited about starting an Airbnb or vacation rental, they jump straight into the fun parts:Furniture shoppingChoosing paint colorsCreating a themed designUsing pricing toolsLearning how to respond to guests quicklyThese things matter.

Factors will apply such as showing income, Credit score qualifications, PITI reserves, and some other simple items.You also have programs for either Vacation Home or Second Homes that only require 5% down and the home can still be rented.