No. of Recommendations: 1
Wow - So many good questions, all of which have no simple answer.

You say you've "always wanted to purchase a beck home to eventually retire in."

How far away from retirement are you? Does this mean you'd buy it now and rent it, expecting to move into it at retirement? What is a "beck home"?

For someone to help answer your questions, more info about your current [& future] financial situation needs be considered.
Not the least of which is, How much monthly free cash flow do you have? [e.g., mortgage + student loans + living expenses + other debts + cushion, minus income]

The following is a link that was given on the Personal Finances/Buying or Selling a Home MF Board. It may help get you started. As another poster stated on that Board, "Can you do this for a fixed term loan with P&I totaling 30% or less of your net take-home pay after other debts are deducted? If not, don't buy."

If you really, really want a beach house!, then you should go for it. Do your homework, the due diligence; see what it's gonna take for you to have your dream, then go about putting things in place to make it happen.
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