(location specific).In many cases I have found that the value of a vacation rental is in the owner's opportunity to use it himself rather than a financial advantage.  

Be sure to network and take advantage of keyword alerts.

Another advantage to some of the older places is they have bigger lots.

Feel free to jump in the community here and also take advantage of the treasure of knowledge here.

(JK)  The advantage I have over them is that they are after more attractive properties than I would be interested in, most of the time.  

You just have an advantage because you can offer "cash" once you have the HELOC.

This model offers significant advantages to the industry in improved online listing accuracy, a single platform for MLSs and their largest brokerages and franchise members, and streamlined service for the publishers who strive to serve the industry through marketing websites and other software solutions."

I'm in a similar boat, being able to write a cash offer will give you a much better advantage over writing one where you still need to secure the funds. 

Makes sense and certainly seems to have advantages.  

Your faith, hard work, and persistence are a recipe for taking advantage of these opportunities you speak of :) See you around the site.