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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We are the process of figuring this out. I grew up in California and we want to retire near the beach. We’ve been looking at buying now in cheaper beach community and renting out as a corporate rental (14-30 day rentals). The location is very good. We’d use the house for school holidays, our family lives a few blocks away. So we are targeting a very specific neighborhood.

We would retire 20 years from now. Ideally house would be paid off and we could then gut renovate. We’d keep our DC rowhouse.

This is our tentative plan. We are really committed on executing this in the next year or two. I think home prices will soften more. We really should’ve bought 2-3 years ago but we didn’t have a second down payment saved up yet. [/quote]

OP here. Thanks for sharing. Your plan is helpful to us as we try to navigate this! Another option I’m thinking of is buying a home on the west with our family (my parents) that lives there. We stay with them in the 4 bedroom home that they rent when we visit. Haven’t stayed for more than a month at a time. Could purchase a larger home together and share the mortgage…

Also thought about purchasing a home and Airbnb-ing it while we’re east. I also like the idea of long term rentals that another PP shared. Thanks again for your input. [/quote]

No problem. I’m not a fan of Airbnb so would probably have a pretty strict two week rental minimum. I’d probably allow pets, as that would help secure corporate tenants who have a work assignment in the area. Homes in this neighborhood frequently get $400+ per night on Airbnb during summer & holidays, so I think I can make the math work. We’d probably use the house for a few weeks in the summer, Xmas, and maybe one week in the spring. The rest of the year I want it as a nicely furnished corporate rental. [/quote]

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