We had the opportunity to buy a Cabot Cove Patio Villa 8 years ago.
We still had work to do in our career but were excited by owing "a little piece of paradise". A few coworkers jealously said callous things like " I hope someone trashes your place."
You have to isolate the property as a Business rather than your home.Your tax prep will also help (depreciate furniture etc.)
3 years ago we had renters during all months of the year . Of course the great economic collapse has affected the rental occupancy.
You do have restrictions.. cable tv etc but since you are paying them year round it's nice to get some revenue stream coming back.
We moved down tried our patio for a month and decided to sell and move to a designer.
Sold the house in three days!
|