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To clarify: I'm buying ONE vacation rental property to be managed by onsite vacation rental property managers and to live in part-time when it's not rented out and eventually retire to full-time - or sell - when I'm very elderly and can't travel anymore. Only one.
My original post didn't give personal preferences because...
"Personal preferences aside (assuming one is looking more for return on money than a home for oneself), what/where would this be?"
Wherever property values are going to rise a great deal in the next few years. How do you find out where those places are? Research, research, research.
Wherever property values are going to rise a great deal in the next few years. How do you find out where those places are? Research, research, research.
That would be another desirable attribute, for sure; how does one go about researching that?
You still are avoiding the important question that anyone with experience enough to answer the question, needs to know before they can help you.
Question----How much Cash do you have to invest as a down payment on the property. Loans are going to require 25% or so as a down payment on investment property. The amount you can invest as a down payment plus closing costs, is a very important determining factor on what you can buy and hold as a rental.
seems that a CA beach place would be the obvious choice then, assuming their insurance costs are much less than a desirable east coast area. Check out 31339 PCH in Malibu. Compared to some others, 8 acres plus several livable structures at 2.4MM seems cheap.
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