No expectations. He has considered selling it on the open market many times in recent years.wood wrote: ↑Fri Jun 23, 2017 8:14 amHi!
Nice dad you have:)
Does he or anyone else in the family have any expectations as to what to do with the vacation home? I'm pretty sure that if I found myself in the same scenario, there would be expectations from family that I maintain it and offer it as a guesthouse.
I'm not sure about the yield from renting, but I don't expect much more than what property taxes would cost me and it's an area that I have no experience in. It is something that I've considered, though.
I think if I could rent it out as a vacation home, that might be an option. I'm not so sure about a full time rental, though, as laws and regulation are very renter-friendly.