Quote:
Originally Posted by thevillages2013
If you are going to rent short term (any lease less than 6months+1day) you will need to collect from your tenant the “hotel” tax and pay it to the state. Also summer rentals by themselves are spotty since there are so many homes available during those months. IMO if you have a 75-80 percent ( of the home’s cost )mortgage you will have a hard time breaking even .
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Wrong on the hotel tax. Whoever told you that is wrong.