Quote:
Originally Posted by KaraG
We are not really in a tourist area but there are some AirBNB homes in our small city - not our neighborhood though. The home is located on a private pond owned by the surrounding neighbors and we wouldn't want to deal with a bunch of drunk strangers partying on the water.
Thanks for confirming the higher mortgage rate. Property taxes here are 4 x higher for non-owner occupied homes too. So hopefully it is just a flip.
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Flip would be the best situation. Increased home values and pride of homeownership that you rarely see tenants exhibit for other's homes. (There are tenants that are meticulous, but they are rare).