Cabin Rental vs Single Family?
My wife and I are looking for our first investment and are kind of all over the place. There's next to nothing for multi-family units in our area so instead we had been looking for an affordable single family home to live in while we renovate it for rental. Anyway, after talking with a family member about renting their cabin (at a steal of $650 a week), we thought maybe that would be another route to take. After pessimistically crunching the numbers we found that in the twenty weeks we would set aside for rental is about equal to what we'd make in a year of renting out a SFU in our price range, less the headache of managing a property year round, hoping the furnace doesn't kick the can during the winter months.
Any thoughts on this?