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Question by jerry: extended family real estate?
I am thinking of organizing my family to buy some property in the Caribbean to use as a family vacation house or to possibly rent out. What are the perils in family businesses like this and does anyone have any experience in buying property in other countries (sorry two questions). Any info is appreciated 
Best answer:
Answer by Catmama66
As long as you KNOW that you ALL will get along great and be able to coordinate the times that each will be there for vacation.
Seems that EVERYONE will want the same holidays (Memorial Day, July 4th and Labor Day?) But if your family has no problems getting along and are very compromising folks then you will probably be ok.
Renting that far away and not having the daily ?hands on? is risky because you have to know that you can trust those managing it for you to keep good renters in there and not people that will trash it. Or you just have to have the money to do regular cosmetic maintainence year round.
Good Luck!
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