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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We bought a Condo in Rehoboth in 2019. It was $315k and now they’re going for $450k and up. We go a lot in the off season, probably once a month and a week in the summer before school starts. The rest of the time it’s avail for rent. The summer weeks go for over 2k a week and those rentals cover the mortgage/condo fees/bills year round. 
It has a nice pool and easy access to the bike trail, can ride bikes into downtown Rehoboth in 10 mins. 
The only downside for us is getting there if something breaks. Our cleaner told us on Sat that the garbage disposal is cracked and leaking under the sink. So now we need to coordinate access with the people renting to get a plumber in there. Other times it’s something we can fix, but have to get there. On average I’d say this kind of crisis happens once every 2 years. It’s not frequent so still worth it for us. [/quote]

Did you pay cash? If not, any issues getting a mortgage? Who manages your rentals? If your cleaners contacted you about the maintenance issue, sounds like perhaps you manage yourself?  Thanks for this - it’s helpful! [/quote]
Didn’t pay cash but did put 20% down. When we met we both owned homes. I sold mine, she rented her last out initially but after 2 sets of good renters decided to sell and rolled the proceeds from that into the 2nd home. 
Spouse manages it thru vrbo. No issue with mortgage because we had 20% down. We are not high earners ( HHI 190k) but we have good credit and stable jobs. [/quote]

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