Are you investing in it to rent to other people or will you be putting it up for sale in the near-term? Buying a house and then subletting or turning it into a business like a bed-and-breakfast can bring a steady source of income, but also a steady stream of operation or maintenance expenses.

Restoring a property you bought and then putting it on the market is a good idea, if you don’t mind the possibility of waiting months or years before someone buys it. There’s no guarantee of a quick sale and thus the speedy recovery of the money you spent in purchasing and fixing up the property.