Buying a dream, then renting it out.

From: St. Petersburg Times (St. Petersburg, FL) | Date: March 20, 2006 | Copyright information

Byline: Steve Huettel

Mar. 20--Ed Droste's ideal getaway home includes fancy frills like maid service, a spa and beach club. He also wants it to generate rental income but not if that means dealing personally with checking in guests and fixing overflowing toilets.

A founder of the Hooters restaurant chain, Droste made an increasingly popular choice among baby boomers looking for a second home: buying a room or suite in a luxury hotel.

"It's the best of both worlds," said Droste, who put down a hefty deposit last week on a $676,000 one-bedroom condo in a four-star ...

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