I rent a condo for two weeks each summer at a resort a few states away. Now that the grandkids are getting older, Im thinking of longer term visits. It may make sense to purchase instead of rent. Ill let you know if anything develops.

If Mira goes ahead with the condominium purchase (as described in her email to you), how should she hold title? Identify three possible options.

List two pros of the option you feel is best and two cons for each of the two options you do not recommend.