I'm looking for it to also be a vacation home as well.   

Love that you’re looking into luxury STRs.

I'm an investor myself local to Scottsdale and currently looking for a project to exit around $1.5-$1.8m I'm also a Realtor and most of my business is luxury investors! 

4.9% this week for 100% of purchase price (80% of appraised value) vacation home after owning for 2 months with 10k spent to fix up.  

If this is not possible, try to see if tenants will allow showings prior to them vacating if they leave December 1, can you do showings starting November 10th to start working on filling the spot.

You fortunately live in a part of the country where a lot of ppl vacation, so you have your pick!

Neither one of them is a bad option as long as you map out your proxy in advance covering all of the above and having a strong team/Network to help plan and execute.Building as a Primary Home or Vacation Home lets you finance the land into the build if needed.

Having owned, operated and sold over 30 STRs (nearly a dozen turn-key STR homes this year) and actively working with some of top STR Property Management Companies including iTrip & Wander - here are some features to look for in prospective vacation rentals. - Bed to Bath ratio: If your property accommodates more than two people - it is likely that at some point there will be groups or couples renting your space.

I own 3 Large, Luxury properties with investors that we use and rent out as vacation rentals.  

For example, in September of 2023 New York mandated that all short term rental hosts must reside at the property.To avoid regulation change issues, it is key to make sure you are buying in established Vacation markets and that your communicating with the City or County in which the property is located to understand what the current sentiment of the people and stance of the city is on coming Airbnb regulations, and avoiding properties located within HOAs / Condo Associations / Co-Ops.