Out of State Vacation Rental in Minnesota

[Kim Rose]

We are considering buying a vacation rental on the lake (focusing on Grand Marais but anywhere down to Duluth) that will become our primary residence in the next 10 years when we retire. We don't own any rentals let alone an out of state rental (we are located in Colorado). Does anyone have any advice on this area for vacation rentals for absentee landlords or where we might start? I have done a little bit of airdna research and see that 67% vacancy seems to be the average. Thanks!