holiday apartments, good investment?

There are many questions that you need to ask when considering this type of investment:
Does the unit have an exclusive management arrangement (ie can you do bookings separately  in addition to the managers)?
Do you get a set amount of usage or can you use it as often as you like?
Can you withdraw the property from the 'pool'?
What fee do you pay on each booking?
What other charges apply eg cleaning, council fees, body corporate, power, water, maintenance etc?
How are the charges adjusted?
Is there a marketing levy?
What commission is paid to the managers for each booking? Does this vary between high/low season?
Is the income pooled & split between owners or allocated to each owner based on usage?
Does the manager have a track record? ie specialised holiday management provider or just a no name building manager?
What is the occupancy rate ie no. of bed nights/year?
How much competition does this investment have ie similarly priced/located properties?
Will there be more of this type of development in years to come or is this the last stage which is able to be built in the area?
Are there requirements to keep the unit in a particular level of presentation?
If so, how often do you need to redecorate?
Is this cost paid for by yourself or the managers?