Reality of Chartering as a business

[SpringbokLA]

I would appreciate any and all feedback. I sailed for many years in the past and would like to get myself set up for early retirement over the next 5 years.

My thought is to get into a number of fractional shares over that time to generate income and use the 179 deduction to minimize my tax exposure. I don't plan on using the shares more than one week per year at most, I would instead turn this into an income generator that can evolve into a real business as I add additional boats.

Am I crazy, what am I missing? I have spoken to a couple of charter companies and would like to be in a hands-off management situation. Even cutting their projections by 30 percent, it seems on paper to be a workable idea.

Thanks again!