My only concern is what if they close shop or sell their business?

After spending a few days on the island and speaking with locals/expats it was confirmed that the lots Remax are selling in Secret Beach are swamp land.

Investment Info:

Condo buy & hold investment.

Purchase price: $375,000

Cash invested: $80,000

Sale price: $605,000

Bought above market rate, held on for 3 years and sold to take out gain for ...

was always a fun conversation from those days (note that this is only lawful if you are actually licensed and formally affiliate that license with the firm you work at, which requires approval from your employer).And then I noticed several REI pick-me-up deals (a 'pick me up' deal is where a big bank can't figure it out, and it falls in your lap two weeks into escrow, with two weeks until scheduled close of escrow) where I figured it out when my LO couldn't and/or without his input.

While duplexes tend to be harder to sell retail then a single family for obvious reasons.....      

Own for 2 years and then sell. 

Rent payment is $1900.House probably would sell for $285k.We will not be moving into that property.

Thanks Nathan, The fire career is definitely an attractive one with the work schedule.

When they sell an expensive property, they have money left over to bid up properties in Arizona and live in much larger and nicer houses in better neighborhoods.Anybody who already has properties in Arizona has done quite nicely.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.