Investment Properties & Advice
This is a great article and I highly recommend reading it. I learned something new too. Here is the link for tax rules for 2nd homes http://www.kiplinger.com/features/archives/2007/01/secondhome.html.
Here is the link for when you make your vacation home a business http://www.kiplinger.com/magazine/archives/when-you-make-your-vacation-home-a-business.html
The most important items that stuck out to me were the 14 day rule with personal use, making sure you factor in the lost investment earnings from your down payment, and the adjusted gross income exceeding $150,000. This is why it is very important to consult your CPA and Financial Planner too.