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Thanks for the details, Cat. The place looks great.

What is nice is that we can use the property anytime we want.

My understanding of this is that you are restricted to only 14 days a year personal recreational use, (any non-payer,) if you wish to take all the tax deductions such as depreciation. IIRC, you are not restricted to the amount of time you stay there while actively working on the property. Am I incorrect in this assumption?

We are looking for properties in Central PA, temporarily put on hold while I get my realtor's license. Houses are surprisingly cheap compared to Eastern PA, even for a waterfront on a trout stocked canoeable creek.

I would love to have a chain of these properties, and am positioning myself to take advantage of a likely decline in the second home market in the next couple of years. When we retire, we will use them as lodging away from base as the availability arises.

Please keep the board posted on the ups and downs of this type of investment.

IP
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