Seasonal rental / potential investment property (condo, costs, retire)

[brianjb]

I am interested in doing this.

I don't expect it to fully pay for itself. However if it does, then great.

I understand all of the costs associated with owning a home; and also with owning one remotely.

If the total cost each year is $12000 and I can rent it out for 15 weeks at a cost of $600/week. That will generate revenue of $9000 per year. Then I will pay the remaining $3000 out of pocket. Of course, I will prepare to pay the entire thing out of pocket, but it will surely rent out at least 5-10 weeks per year.

What do you think? Any advice you can give?

The reason I am looking into this is that I love SW Florida. I grew up in the Ft Myers area. Work has taken me away, but I like to come back and visit. And who knows, I may retire there one day.

[nhkev]

I would be inclined to do this in a high resort area such as a sanibel or fmb condo that has on site rental program.

[brianjb]

Originally Posted by nhkev

I would be inclined to do this in a high resort area such as a sanibel or fmb condo that has on site rental program.

Thanks! That's what I was thinking.