How to prepare? (Florida Panhandle)

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Panhandle investors! I grew up vacationing in this area yearly and love it. Hard to beat the beaches, and of course, who doesn't love The Back Porch in Destin and the Wharf in Orange Beach? Been seeing a good bit of investment opportunity from PCB to Gulf Shores. My goal is to live and flip a property and decide on an LTR or STR after some minor cosmetic work has been done, and I've completed my homeowner obligations for an FHA/ Low Money loan. My main priority now is saving around $20k, and I will be shopping within the $300's-low $400's. I would love any input or general stories about investing in this area! Like is that a reasonable budget? Are there any strategies that have been working well here? ETC. Thanks, y'all!