Hi James,
As a listing agent for a property working in a 2nd home and investment marketplace, if my listing has been previously rented, I make that rental history available to perspective purchasers.
If the home has not been previously used as a rental property, I will find comparable condos/townhomes in the same community to determine what the rental potential will be.
The listing agent agent for these units should have access to this information. Or if you have an ongoing relationship with your agent, she/he can get those income numbers on your behalf.
Good luck. Don't completely rule the Ocean City, Maryland market. There are some beautiful townhomes and condos that will generate a nice rate of return.
Whatever you decide, make sure you take the time to enjoy the property yourself!
My best. Monica - Sun Nov 1 2009, 10:06
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