Reverse House Hack into a future permanent residence.

[Leonard Rybak]

Hi all,

   Trying to brainstorm if this is a good or terrible idea. I would love to spend my retirement in Florida.  I am debating if I should buy a decently priced home in Florida using a mortgage, rent it out as soon as possible, and have a tenant(s) pay down my mortgage until I am ready to move in and have the mortgage either paid down or nearly paid down. Do you guys think this is a decent idea, or disaster waiting to happen.

My concerns are that vacancies, forcing me to spend my own income to pay down my current residence and the florida home. Also, I am scared a tenant cant damage the home and leave it unappealing for me to move into....and lasty, taxes or insurance can grow out of proportion leaving me not wanting to move their in the future.  What are your thoughts?