Vacation rentals in a recession
I found a 2nd home/ vacation str in my state that I am interested in. I ran the numbers it will make a decent profit. The area has year round vacation activities. My market is smoking hot right now. I know no one can see the future, but how does a vacation home market do in a recession? My gut tells me that these areas will be hit harder than other areas. I want to pull the trigger, but I want to have realistic expectations. I don't think the house will cashflow with LTR.