Buying the perfect vacation home - 2005-03-22
Owning a vacation home is no longer an impossible dream, but there are some steps that must be taken to stop the dream from becoming a financial nightmare.
If you intend to rent your vacation home, peg the rent 10 percent to 20 percent higher than your monthly mortgage payment in order to cover costs. For starters, you'll have to hire someone to maintain the property in your absence, and unexpected repairs are a given.
Read the full story at MSNBC