The funny thing is I usually get this one from people looking at second home rental property. I answer this way “ buy a duplex close to where you live” and you check the tenants rental application, you paint, clean, re-carpet between rentals, mow the lawn and chase tenants for the rent.
This answer is always met with no I mean up here at the ski resort. Well you can’t make a big profit on vacation home property rental income, it’s too seasonal. You can cover your costs if you don’t have a mortgage and still have a couple weeks of your own use every year.
The alternative is to buy for long term resale or to use later in your retirement in this case a yearly rental will eliminate the utilities that would remain in your name for the short-term rentals and give you a fixed income to count on.

In any case real estate buyers are always looking for the return on investment and this is a long term strategy especially when buying in areas that shows long term potential like Grafton County.

Feel free to contact one of Alpine Lake’s associates with any real estate related question.