(Yes, Colorado Springs also allows them in non-owner occupied homes but with limitations that in practice make it nearly impossible.)I still think this change is good policy, but for anyone wanting a vacation rental in municipalities that have a primary residence rule, this doesn't change anything.

18-22% management fee is common in Florida for vacation rentals.

I originally invested strictly as a vacation home, with home of price appreciation.   

I also ask them for the forwarding address when they give notice that they are vacating the address and also give them a reminder notice of their right to be present at the close out inspection and ask them to tell me when the property will be completely vacant and a request of a date and time to have that inspection if they desire to be present. 

Here is my scenario:Sell current LTR; 1031 into Lake STR; rent out for 2-5 years; use personally less than 14 days per year; convert the property to a secondary/vacation residence for my family.

We love using them and really enjoy taking in all the educational content they offer clients. 

I think my insurance broker (AAA) was able to rig it somehow that one is considered my primary residence and the second a vacation home.

I could see spending the additional money and enjoying a tax deductible business trip every other year.

.: I enjoy talking real estate, networking and it's only fair I contribute Loved* I enjoy talking real estate, networking and it's only fair I contribute...     

If it is to have a vacation home that someone else helps pay for then maybe.