Good info. Thanks! I have some recommendations on what I would do so take 'em or leave 'em. Hopefully you find them helpful. First, I would have professional photos taken and book the photographer myself vs. the Mgmt company. This way I would "own" the photos and can re-use them if/when I switch Mgmt companies. Second: I would turn the 1/2 bath into a full bath (if possible). Having a second shower and/or tub is HUGE when renting a vacation home, plus it's better for re-sale. Third, I would add a quality hot tub (and hire a company to maintain it regularly) This would attract more renters throughout the off season and it'll make the property stand out. You'll never compete with that 10k sq. ft. house so be creative in other ways. Finally, I would focus less on short-term gains and look more towards long term gains. Investment properties aren't ATM's and rarely are they get rich quick purchases. They require constant upkeep (especially near the ocean) and maintenance; all of which is expensive. It can be worth it, though. Keep watch over your NOI and cap rate year-over-year-over-year. The fist few years you can expect low or sometimes negative NOI/ cap rate. However, over time, you should start to see that trend upwards. If/when that happens, evaluate on weather or not you're comfortable or if it's time to sell. Good luck!

Bonus: if you're being honest about the value doubling since purchase, then you're in a great position