Air bnb at Hilton Head Island

[Dean Smith]

I currently have five SFR's that are all cash flowing nicely and have been considering moving into the short term rental space that could also serve as a vacation spot for our family since we are only three hours away from HHI. There has been some great threads here on the forums but I was wondering if anyone was familiar with this particular market. There are so many variables to consider. Condos or "Villas" that are close to the beach have high HOA or regime fees ranging from $400-$600 per month. That really cuts into any potential cash flow. We looked at a bunch of Condos this past weekend around the 200K range and everything seems to be pretty run down and dated. What I cant really seem to get from anyone on the ground is a no BS answer as to if the juice is worth the squeeze in this particular market. Researching Air bnb its hard to determine whats actually booked vs what the owner has blocked off for personal use. Additionally moving into the Condo space we obviously lose a lot of control over the unit and can occasionally get smacked with assessments of several thousands of dollars to make repairs. Just not sure if this is a viable option or if I am totally barking up the wrong tree. Anybody have any experience in this market? Thanks Dean