Hello everyone,My business partner and I are considering buying in Niagara Falls as a short term rental investment and we'd love to speak to someone there running a vacation rental.

I believe if your mother-in-law runs out of money that Medicaid will step in and pay for the nursing care.

Home runs are far and few between.Oh I wish more people were honest about their deals.

I'd be happy to hop on a phone call with you to run through it.

Have your CPA run this scenario with your numbers; too much money to take advice from the internet!

We do the land up keep and figured in the long run if we can use the other half of our plot for events it will offset any land keeping expense (do not mean anything by this just sharing , faith and movies always say helping others brings good luck.

And don't ever look for the "home run" investment.

@Jeremy H.there is no need to self manage for the passive investor looking for a fixed NNN return in the 15%+ range.Smart business owners and retirees looking to diversify their investment portfolio are not looking to run a hospitality business. 

We see it all the time with the conversations on what cars/vehicles folks drive :) here in BP there is a badge of honor to drive a 20 year old 250k mile car/truck :) Myself I saw my dad do some of this although he never got to the utra wealthy stage by a long shot but made good money in RE however it was not until he bought old style timeshare in Maui that he would finally take a vacation..

Think of the debt payoff as a trial run for your investments.