Myrtle Beach SC rental

[Lee Haenschen]

Me and my wife are interested in buying a beach rental property. This particular modular/trailer is in a community of rentals. The unit is a 2/1.5

$77,500 asking price and stays booked 6-7 months a year solid and do have pre-bookings for off season as of right now. They charge $1250 week during peak season and $750 wk/ during off season. From what I can gather they are bringing in an income of over $30k+ per year before expenses.

What kind of red flags should I look for with a beach rental? I'm aware of HOA cost and renters insurance but haven't figured in and flood/disaster insurance yet. This would be our first investment property.