[CoachKandSportsguy]

Originally Posted by Packer Fan

So I read through this and there is some good info and some bad. I have had 2 rentals for 10 years so I know what I am talking about. It’s pretty simple - when designers were selling for $250 and Patio villas for $180k, mortgages were 3.5%, and bonds paid nothing, it made some sense to buy a rental in TV as a diversifier to your portfolio. However, at current prices with mortgages at 7% and bonds paying 4-5% it makes no sense. Also, there are a lot more rentals now. Lastly for you - without renting out Jan-March you will lose money big time. Aa an example - high season rents form $5900 a month. Summer rents for about $1800. You MIGHT get about $3000 for Nov-Dec but Eastport area? No way. Put the $300k in bonds and use the $12000 you get per year to rent. Trust me, you will be better off. My rentals are paid for and I am moving into one and selling the other.

correct answer in my opinion