It will all depend on whether:
1. you get a management company with guaranteed rental program (they will offer 20, 30, 40 week programs)
2. you offer better in house amenities than the competition (heated pool, newer furniture, flat screens, billiards, etc.)
3. you built and manage an independent website to find more renters.
Depending on how much your mortgage is:
a. some people will not cover expenses (but it subsidizes having a vacation home
b. most people will brake even
c. if you invest the time to run it as a business, you will make money and be able to get a few homes in the future.
Charles Rutenberg Realty