Expert advice please

[Lindsay Lafeen]

Hello there! I am new to the site and new to real estate. I am planning on purchasing a condo in Utah that would be utilized as a vacation rental for tourists drawn to the area for the ski season. However, I will be using this as my personal residence when it is vacant. Therefore, when I am using the four square analysis guide recommended by the site there are so many unknown variables that I am simply hypothesizing for, in turn unable to get a "true" ROI.

Also, using the analysis there is no specific variable which would quantify the value created by me being able to use this property personally. I would love any suggestions, recommendations or information that could assist me in this type of purchase, it would be greatly appreciated. Thanks.