Connecticut investor: looking at vacation home rentals

[Mark Campo]

Hi everyone. I currently own one rental property (2-family). I am looking to jump into the vacation condo rental market in the Myrtle Beach area (or anywhere that has a large rental market with plenty of golf courses and ocean front properties).

My goal is to create a working formula where I can buy, renovate, hold, and rent a vacation condo with minimum physical work by me (outsource everything, from property management to renovation). As I perfect this hands off formula, I would like to scale it.

[Robert S.]

I opted out of Myrtle Beach, decided I still wanted golf, so I bought in Ocean City, MD. Plenty of top notch golf, and instead of an approx. 11 hour drive, or a plane ride, I drive a little over 3 hours. Makes for easy weekend trips for golf or QT with the family. All of my Myrtle Beach friends don't rent or only rent to supplement.