Not only are we talking about gas for the boat, but also gas for the generator which will likely have to power your island.

Jon:I have always used generic 'For Rent' signs from Lowes and they seem to work fine generating responses from passing traffic.

Some projects have rental pool options where the condo owner can participate in a rental pool to generate income.

IncomeRent $750ExpensesPITI $815Misc $300Negative cash flow $365.Since taxes vary locally, it’s hard for me to know how much is going toward the principal balance each month, but I’ll assume your initial loan was for 125K and say:Cost to sell this place now (commissions, closing costs $10,000)10 years of carrying costs: $43,800Principal pay down over 10 years: $20,26820 years of carrying costs: $87,600Principal pay down over 20 years: $57,49630 years of carrying costs: $131,400Principal pay down over 30 years: $125,000It seems like the negative cash flow outweighs the benefit of keeping this place, unless you just want to have an extra piece of real estate for your child, parent or whatever.As an investment, it does not seem to make sense.

A few years ago I bought a family property outside the country which is not rented out it's just there which I plan to keep for ever because it dates back generations.

Also in addition to buying and holding, many investors generate income wholesaling and selling some properties on a lease option.

For us, more for a cashflow generation strategy as opposed to a wealth creation strategy.

I’ll tell you how my initiation into the real estate world goes at the end of MayBosede

The problem is getting generated intrest.

No matter how old the corp they will need to peak at your personal credit and you will need guarantor unless the corp generates $1 million or more/year.