We have two homes in TV. One is strictly for rental and the other for us. I do rent both homes for the same reason anotherlinda does. To help pay for the upgrades we want. We have been very successful with the rental home. It now pays for itself and provides a small positive cash flow. But I have been very lucky and been able to get long term renters.
As for the personal home, we only allow people who have proved they take good care of the property and close friends. But you have to be willing to give up the winter months to make it work. And we do that until we plan to be living there full time. Hopefully within the next year. Renting only in the summer months would not work at all. To much cost for to little return.
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Life is to short to drink cheap wine.
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