Hi all
I'm interested in getting some of the community's thoughts on buying a co-ownership in a higher end property to use as a vacation rental.
Here's a house that sold recently in Steamboat Springs just as an example: https://www.zillow.com/homedet...
Has anyone done something similar? Is this even a worthwhile strategy to realistically consider?
Beyond the obvious that you'd only be a partial owner (in the above example, 1/8 owner) and not have full control over the management of the investment, what other considerations should be kept in mind with buying into a property like this?
At first glance it seems like an intriguing prospect to be able to more easily access a much nicer property in an attractive destination town. That said, I have to imagine there would be many more complications involved with seven other owners beyond the basics of managing a wholly owned vacation rental in the first place.
@Dave Meyer - what do you think?
