Which will bring plenty of other investors and general business to the area.

In fact, if someone stays in your property for 30 days, they can legally claim they are a resident and you can't kick them out without going through the eviction process.

How the money is distributed at closing doesn’t change your tax situation unless you did something like a 1031 exchange where you would not actually receive any money - the money would go towards another real estate purchase - to which there are a lot of rules. all the best!

The front yard is a common area for all three units and also has a lot of irrigation.

For those who’ve purchased their first vacation rental in the Destin or Panama City Beach area (or surrounding areas, too), what’s one thing you wish you’d known beforehand?

I flew down to the Madison area and stayed with friends while I house shopped.

Chicago area here! 

Now there are a couple of neighborhoods where I've sold more homes than any other relator and have a pretty good database of potential buyers and perhaps renters who could be buyers. 

We found a great opportunity for a home in an appreciating area, and on paper the numbers work.

Naples, FL and surrounding area.