Owning a vacation rental (read as: yacht)
I think a strong argument can be made for a yacht to be considered real estate. Perhaps not by some standards, but an argument could certainly be made...
Does anyone own a yacht? Do you charter it? Has anyone done this? I'm not talking the 250M one at F1 races in Abu Dhabi, I'm talking say a 1M one. If you can get it to cash flow then you have a viable business asset.
Location is obviously important. Me being in the Pacific Northwest, I think location would not be an issue so I haven't put much thought into it. There's many years worth of places to go here. (RE!?)
A good certified captain Captain would have to be found, another title for him could perhaps be property manager... (RE!?)
Depreciation. This is the only area that's really tough. It's never going to increase in value.. it just isn't. But the income in produces perhaps could.
Anyone!?