Serial vacation rental strategy. How does this sound?

[Craig Lillard]

Hi! New member here. My wife and I are ready to go see the world a bit and I have pondered this strategy. Would love some feedback. What I was thinking we might do is choose an area of the country we want to spend some time in. Go there and buy a vacation property. Possibly one that could use some work.

Stay as long as we want and fix it up and when ready, start renting it out as a vacation property and move somewhere else and repeat. Would have to find a property manager of some sort to manage it.

So, in 4-5 years we would build up a small portfolio of properties in places we like and would like to return to.

My current business would allow me the ability to do this, so there isn’t anything holding me back from that perspective. Just wondering if there is some flaw in my plan I’m not considering.

Thanks!