I am going to be taking early retirement in a couple of years, and want to find myself a paying hobby.
We have a house in the Charente Maritime, and I intend to spend more time there and I have done some property development in the UK, although it is not my main business.
I enjoy doing work to properties and was thinking of buying small houses <100,000 euro and renovating them either to rent or sell.
Does anyone have experience of this sort of activity, e.g. is there money to be made (even a modest return) rather than a loss? Can I stay UK resident for tax purposes or do I have to engage with the French tax system - which I hear is even less fun than ours, and generally what are the pitfalls and benefits?
I hope the phrasing off the question is not too vague, but I'm still in the process of refining my thinking.
Thanks in advance.