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Updated about 10 years ago,
Intro & Strategy Question
Young professional with family of four living in Cleveland. No experience in REI, but always been interested. I'm relatively handy so I can do most minor repairs myself, and plan on keeping a full-time job for the time being.
Looking at moving sometime in the future to Carolina Beach, NC. Joined the site to explore buying duplex and renting out other half as vacation rental. Seems that vacation rental in that area has a lot of income potential while obviously the downside of light rentals in the off-season. Potential benefits/downsides of doing this instead of conventional tenants? Looking at one property where the agent claims its grossing 1900/month with traditional tenants in both units. I figure I can rent the 2 bed unit for $100 a night to vacationers meaning if I can rent it on average 10 days a month, I'd come out on top. Anybody with experience in this world?