Second Home/Rental

[Jordan Decuir]

I'm considering purchasing a property in my hometown, New Orleans, so that we can have a place to call our own when we go back to visit. Being that NOLA is a tourist destination, my thought is that we can rent the place out temporarily at various points throughout the year to offset some or potentially most of our cost to purchase. Has anybody had any experience with this and have any input on whether it is a good idea? Pitfalls? Pros/cons? Horror stories? Successes?