Any way keep your cash cow whether you like it or not.. then you are a true investor...

How "commercial" she may be by  selling a few eggs or a cow or teaching horseback riding will be determined by IRS regulations, "being in the business" of something rather than a hobby type enterprise.

@Assi Siles  Yes, everything you need is there..packed with way more information then you can digest just starting out.  

That property looks familiar however, great cash cows!

There's a lot to digest here.

Cons: TAXES (holy cow taxes are high on the cape), high cost property (median is now around $650k I believe, expect to pay closer to $1.5M minimum or much more for the more desirable locations such as on the waterfront), relatively short season with summer being the time when you’d make the bulk of your earnings (although it’s less seasonal than you might think and units will rent relatively well all the way up through Christmas before demand finally does drop off a cliff), high utility costs (don’t forget to factor in the cost for AC at a beach house, with doors opening and closing all day, in a region with high cost/kWh for electricity, also expensive to heat in winter), hard to find labor (major shortage of cleaners, tradespeople, etc on the cape currently), high property maintenance costs (beach houses take a beating: sand, salt, big parties, hurricanes, tough weather, long winters, etc. and expect to pay a premium for both labor and materials on the cape), HOAs (high fees, rental restrictions), traffic, taxes, and taxes.

I was sad to hear this as it could be a real cash cow in the warmer months, but it's their call in the end.On to my question.

You can move on every two years, until the cows come home, and buy a new oo house, turn the last one into a rental.