Hi, I'm new to this forum and looking for guidance from experts. I'm still in the planning/dreaming phase of this, so please help me figure out if this is realistic:
Within the next 2 years we intend to be able to buy a small home (~2 BR) in the VIs and have little to no mortgage on it. We want to maintain our primary residence back in Florida due to work and school for the kids. We would be able to work from home during the summer, so we aren't concerned about finding jobs for the summer. We have been regular visitors for nearly 10 years and have friends who live there. We are aware of many details of island living, and hope to start out part time and make it full time within a few years due to work commitments.
1. Is it feasible to live in Florida during the school year, and live in the VI house during the summer (June-August)?
2. Would there be a market for a potential long term 9 month rental for late August-end of May? I'm thinking this would be a better option than short term rentals as long term renters would be responsible for their own electric bills, and it would be more consistent income to cover the cost of insurance. Please correct me if I'm wrong.
3. How could we maintain a vehicle on island? If we continue to have FL driver's licenses, could we register a car there? Or is a better option to rent a vehicle for 3 months like Zip cars?
FYI we have family in Florida to take care our house while we would be on island.
Thanks so much for all who can offer insight.