HomeAway, Inc. surveys report the average weekly rate collected by vacation property owners is $1,656 and that rent is collected 20 or more weeks each year.

That's enough to generate more than $750 in positive monthly cash flow on a mortgage that costs $2,000 a month. The cash flow doesn't include reoccurring costs, beyond the mortgage, associated with vacation rental property, but it also doesn't take into account tax benefits associated with second home ownership.

"These figures suggest that the average vacation home brings in more than $33,000 in rental revenue each year," Karpinski said.

And then, of course, there's the invaluable, but tangible personal benefit of owning a getaway playhouse. In some cases, there are interesting possibilities in forming a time share with friends. Off-shore properties specifically lend themselves to this concept.

No doubt about it: buying a vacation home, especially one you're going to rent out, means embarking on a whole new lifestyle. Read up on the subject so you'll know what to expect. Doing plenty of research and making an educated decision will keep your vacation home dream from turning into a nightmare. The potential is there, make sure it's researched well before making an investment.

Please contact Robert Kissig for further information and 2nd Home Property Search in USA, or International locales.

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