I have not had any experience with vacation condo rentals but my wife and I bought a condo which we rented out and it is located close to us in the city. We have had a steady income for almost 5 years but we bought at a high period and it reduced in value by about 30% but with the rent income we are close to breaking even. Our rate of return is only 2.2% as the condo fees have steadily climbed up. A test I use for myself is "would I want to live there" and the answer is no. Too much politics(it is an over 50 year old to reside there). I agree with the above poster that single family dwellings are easier to sell. Also nicer to live in .Hope this helps
