The process begins before you even make a purchase. Here are a few things to consider early on that can make or break your vacation rental income.Think about locations that have both winter and summer attractions (Lake Tahoe, for instance, has year-round
appeal).Get to know the area before you commit. Being familiar with the most popular restaurants, beaches, shopping areas and markets in the area is key. Whether you end up choosing a location close to conveniences or a secluded, idyllic spot, you will have made an educated decision that is less likely to backfire.If the prices are looking too steep to invest on your own, you may want to consider going in with family members or friends. Sharing the responsibility and the rewards could make your dream possible. Just remember, it's always a good idea to get professional legal advice before entering into any sort of financial obligation with friends or family.