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?

Locally owned is preferred.

Preferably in South Carolina but I'm willing to search elsewhere.

. - Paperwork: I prefer inspectors who provide their report and suggestions in a nice organized folder.

I need to finally pull the trigger on this.My pertinent info:-I own 3 rental SFR properties, all free and clear :D worth approximately $450k-I live in a 4th property which is mortgaged-I live in California :/-I also have a regular jobPrimary goal: asset protectionSecondary goal: increase tax advantages above and beyond my current sole proprietor statusAs a side note, I would also like to hear your thoughts on LLC'ing in wyoming/nevada/wherever else you can think of and how that model would or would not work in California as a foreign corp seeing as how "strict", for the lack of a better word, it is here in California.My entity/entities of choice would protect me from inside liability as well as outside liability.

In expensive areas, condos become the defacto first time home buyer home of choice because SFR's are so out of reach price wise.

I would prefer going through a national bank because they offer amortizations up to 30 years, but I am not against going through local banks because that it what I have done thus far.

Thank you.Rental vs. vacation doesn't matter that much but I'll make sure the legwork is done for vacation rental so the choice looks that much more appealing.

I would prefer to convert to tennant paid, but I'm not sure how feasible that would be.

I always prefer referrals and the name drop usually helps start the conversation off right.