[header] How to buy a vacation home [title] Decide where you most want to vacation. [step] If you are buying a second home, you will need it to be in a location that is optimal. Select a spot where the home will get the most use. 
You may be able to rent it when you are not using it yourself, but you may not. If your favorite vacation spot is a bit off the beaten track, you may not be able to earn back any income.