I don't own a home now. In fact, I don't rent either. I currently live in my truck for 6 weeks at a time and when I then take a week off I go to a hotel somewhere nice. This has been great for saving money, but it's hard not having a place to call my own. At the same time, it's hard to justify paying for housing year-round when I am home for such a small percentage of the time.
This weekend, while visiting a city I love, I came up with an idea: Aquire a residence (I assume buying is necessary if I want to rent out) and then put it on the vacation rental market.
What I would like to know is if there are special considerations for my situation. A primary residence that I only see every 6 weeks? Would the business take precedence over the residence aspect? How might this scenario affect the calculation of what I can afford?
I hope someone can point me in the right direction to make my plan work.
Submitted August 11, 2019 at 08:02PM by AHalibutEvent https://ift.tt/2YT7OGg
