Cash flow in Panama City Beach

[Jennifer Bowen]

Hi all,

As has been documented, I'm new to this game and learning and absorbing all I can. I want to get into vacation rentals in Panama City Beach as the market is familiar to me. 
But I have concerns. I have an aunt with two condos in Gulf Shores and she says she loses money. She's an accountant, good with numbers, me, not so much. I know it's a different market, but do any of you who do condos in PCB cash flow positive? What are my options for making money here? 

I don't know all the details, but I think she may be handcuffed by her property management agency in terms of what she's able to charge. But she argues it's harder to rent without them.