Having just spent a lovely weekend in Door County, Wisconsin and coming from the (comparatively -- okay, absolutely) pricier vacation spot of Telluride, CO, I'm wondering why such a charming set of waterside villages within driving distance of Chicago, Milwaukee, etc., should be so inexpensive!

A tenant with a 2-yr lease has given notice that they'll be moving out to a better school district when lease ends in 8 months.Normally this happens closer to lease end, and I follow CA regulations re: advising tenant...

(401k, insurance, vacation days, stable cash flow, possible stock matching, etc) If you have a family and kids, don't be in too much of a hurry to quit your job!

> he wants a copy of the lease and Notice to Vacate at filing. 

I think will you find year round demand vs regular vacation spots with off season lower demand times.

Since we were under contract, a tenant vacated one of the upper apartments and we asked that it be left vacant.Also - our local MLS contract does NOT have a stipulation that the seller may not enter into new agreements with tenants without the buyer's written permission (as I have seen in other markets).My concerns are that this seller is marrying me to this new tenant from out of state, not vetted by me, and no payment history in this property. 

Looking for some feedback, input and wisdom about purchasing and operating short term/vacation rentals in the Galena, IL and surrounding areas.  

NOW, I don't want to take on any previous liability, or be responsible for vacation pay, etc. so without exception, I will require the owner to release the manager, and we'll slot somebody in immediately. 

I am also interested in vacation rental investments, as we live close to the coast of Maine and New Hampshire, which is a tourist destination for many. 

Short absences, such as for a summer vacation, count as periods of use, but longer breaks, such as a one-year sabbatical, do not.