I really enjoy this site.

And I too, have thought this was more of a lifestyle choice than a good investment, but now Warren says to do it...http://www.forbes.com/sites/janetnovack/2012/01/27/warren-buffetts-advice-to-a-boomer-buy-your-sunbelt-retirement-home-now/http://www.forbes.com/forbes/2011/0627/money-guide-11-real-estate-gallagher-nar-vacation-retire-later.htmlWhat do you think, would you do it?

I enjoy fixing up these older small SF homes and renting them to families who enjoy living in them.

This is sure going to be interesting to see how this all comes together.My next step is getting a good contractor into the building that really knows what he is doing and has done this type of work so I can get an accurate estimate of what this is really going to cost me.Im actually having a lot of fun with this and am really enjoying the process.

Hi, I've been enjoying this site for months now and finally signed up.

I think vacation rental is it optimal use.

My insurance agent is on vacation this week, so I will know more on that cost when he returns next week.

That way I'm able to enjoy my living style, obtain interest deduction, and still feel safe in the knowledge that I have a free and clear home to move into if I ever need to.JSCOTT-I'm sure there are many people doing this currently, if they are smart.

The only thing I can think to add is to remember to enjoy yourself, and not to get (too) upset if (and when) things go south.

Not sure exactly what year it was, but also remember my husband upset that he had made more that month in the stock market doing no work than he did working for 2 weeks of his vacation to buy the house and turn it over, so that was an aspect at the time as well, although if I remember the market only lasted another 6-8 months before crashing, while our rentals held their value.