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<blockquote data-quote="FlatTopPete" data-source="post: 301258" data-attributes="member: 7280"><p>Some more background information: </p><p></p><p>-it’s a 300 mile ONE-WAY trip. We are located in central ND</p><p></p><p>-we look at it as more of an investment with the side benefit of a vacation home to be used by us one to three times a year.</p><p></p><p>-we would be hiring a property management company to rent out the house as well as handle snow removal/lawn mowing and home repairs.</p><p></p><p>-there is a vibrant rental community out there. As far as we can ascertain, a $300-600k house can gross anywhere between $20-50k in annual rental income depending on how often you want to rent it out and the economy of course. The COVID outbreak has had a devastating impact on rental home and tourism obviously.</p></blockquote><p></p>
[QUOTE="FlatTopPete, post: 301258, member: 7280"] Some more background information: -it’s a 300 mile ONE-WAY trip. We are located in central ND -we look at it as more of an investment with the side benefit of a vacation home to be used by us one to three times a year. -we would be hiring a property management company to rent out the house as well as handle snow removal/lawn mowing and home repairs. -there is a vibrant rental community out there. As far as we can ascertain, a $300-600k house can gross anywhere between $20-50k in annual rental income depending on how often you want to rent it out and the economy of course. The COVID outbreak has had a devastating impact on rental home and tourism obviously. [/QUOTE]
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