A couple of guys I know started talking to me about this the other week and I have been looking at the cost of a place on the coast. Of course you have to think about whether or not you can afford the place, but in theory this is a break even deal at the worst. It works like this. You buy the house, you find out what the expenses are. For instance you go online and get the electric rates and then you figure out how much it is going to cost to do the upkeep. That is something I am thinking about a lot because you have a lot of wear and tear down there with the place exposed to all of the elements. Obviously any place is out in the weather, but this is a lot different because it is out in the exposed because you have the Gulf of Mexico down there. In fact it is on two sides of this place which seems to make it even worse.
Of course you can do stuff to make a place easier to maintain. Obviously you want to be able to not paint this sort of place and I was thinking that if I had it I would definitely get vinyl siding put on it the next time that it needed to be painted. That probably does not look as good as it could, but I hate to paint and if you have vinyl siding that goes for a long time with almost no work required. I have it on my house and once a year I get my pressure washer out and hit it. Then I spray this stuff on it that you buy from the place that sells RV’s down on the highway. It takes a few hours.