First time buying in a new market for STRs market advise

[Peter Shafik]

Hey all So my buddy and I have this opportunity to buy a condo. It says Miami, but its really Panama City beach FL. It's 450k and brings in close to 300/night. Problem is I don't have a downpayment. I also need any insight on things to look out for in Panama City in terms of regulations and things I need to be aware of to stay in compliance with everything and everyone. If anyone has any tips, I would really appreciate it.