A Vacation Rental is like any small business, it takes time to build a Client List of returning customers to build Income.
The "closer to", "view" or "on-the-beach" makes a big difference in Rates and Vacation Rental Income.
Occupancy Rates will never likely reach over 50% and will much lower in the beginning and be lower for most Properties.
Many home owners with a 2nd homes will advertise the home as a vacation rental, but it may not be a business and just rented to offset the overhead and be able to use the home for their personal vacation get away. In short, a vacation rental is the Inn-Keeping business.
I would be happy to provide the information on this home and several other income properties that you may be interested in. I would suggest looking at my web site, at homes, but it may difficult for you to filter out which homes can be income property and which homes cannot. I can provide you a list of vacation rental real estate, duplexes, triplexes etc. Please call me at 805-471-0828 or email me at firstname.lastname@example.org to discuss your investment goals.