I have been passively looking for a mountain house or a farm house as like a weekend getaway/holidays type of thing. Our hope was that we would occasionally rent it out to mitigate some costs and utilize some tax advantages. However, the property does NOT need to be cash flow positive - I don't view it as an investment fully. More of a family get togheter place and maybe even something we could give to the kids later on.
Anyway - we have found a place we may be interested in. However, it states in the listing the HOA (it is pretty remote, but a few houses on the mountain have banded together I suppose to have an HOA) will "not allow short term rentals."
I'm trying to get more info on this (I requested the HOA covenant), but are there ways around this, like having a guest sign a "30 day lease" even if anticipated stay is just 1 week?
Anyway - we have found a place we may be interested in. However, it states in the listing the HOA (it is pretty remote, but a few houses on the mountain have banded together I suppose to have an HOA) will "not allow short term rentals."
I'm trying to get more info on this (I requested the HOA covenant), but are there ways around this, like having a guest sign a "30 day lease" even if anticipated stay is just 1 week?