[Rick Lee]

My folks bought a beach house as a second home, but rented it out during peak season for around $3k per week. That money easily covered the mortgage and maintenance for the whole year, and they went down there on weekends and for longer stays off season. I don't know how, but they swear the tax advantages alone were worth it all. Once they retired, they moved there full time. So now they have a pretty expensive house free and clear that was mostly paid for by others.