I am convinced that every RE investor needs a vacation home. We bought a distressed double-wide(5 bedroom, 3 bath) in 2008. We started taking weekends and fixing the place up, mostly fun and some work. It is in a great summer and winter destination in the mountains, close to 2 ski resorts. It now has rented(short stays) this year 119 days and counting. Should hit at least 130 days. The rent pays all the expenses, plus last year about a 5% return on my investment. It is currently worth 150% of what I have in it.
We just came back from a 4 day Labor day weekend trip. My wife’s family, our kids, grandkids. Wow, what fun.
I could sell it and buy other rentals and make more money, but when I take my kids and grandkids skiing and other family on vacation to our home, it is priceless.
Thanks for letting me ramble.