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Reply to "Second home as an investment property - worth the stretch?"
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[quote=Anonymous]This is not for a newbie who has very thin, if any, margin. There are so many factors to consider, including HOA fees, insurance, property taxes, etc. You also need to hire housekeepers you trust, replenish damaged/stolen items, and also figure out how to fix/repair/replace appliances, toilets, faucets, etc. Guests are unpredictable. Some are amazing, but others think nothing of smoking in your unit, bringing pets, turning the AC/heat to damaging levels, washing absolutely filthy items in your washing machine, etc., etc. We have a vacation home, but we only bought one that we could afford NOT to rent out. And we love it.[/quote]
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