What would you want?
Are you willing to manage a vacation property and maintain it?
Do you want that done for you?
What budget are you working with?
If you get 20 weeks a year rented , you are doing well.
You will never get rich going in this direction.
Your $ might be better spent buying a single family home and renting it out by the year.
The prices are low now and you might get lucky and have a break even scenario for the first year.
Then in 2 to 3 years you will see the residence most likley increase in value since the values are so low now.
I am afraid that a vacation home will appreciate more slowly.
Hope this helps.
Feel free to mail me with any questions.
Will this be your first short term rental home?
Is the single family home new?
If you looking into a resale home, check the neighborhood to check sure it is well maintained.
Some of the older short term rental commuities have more full time residents. Some are maintained well and others ar not. There are some very nice communities that are affordable.
Resort communities will usually stay a resort community. Granted you have higher homeowners association dues, but you will less likely see that community turn fully residential with a just few short term rental homes.
So, it really depends on what your situation and perferences are.
We feel that if you do the numbers, considering expenses for each type of investment, like Marlene says, will show favorable light for the single family home.
The "Eckler Team"