Wholesaling In A Resort Town, The Market is Rediculous

[Gaelan Evans]

I live in a small resort town with a massive income disparity. It has mostly been unknown but is now flooding with people with a ton of money buying houses. There are a bunch of really old, rundown houses tucked between brand new, super expensive ones. However this is driving up the prices of the rundown houses. Prices are soaring above $200,000 for 1/2/3 brm houses, but rent is consistently ~$500 a room (or just to expensive for locals to afford, which is who I would like to rent/sell to. We're all getting pushed out.) When I calculate it out, a lot of properties are really hard to make a good deal without really high rent (which the market can handle, but again, is hard on the locals). I would like to house hack or BRRR. Any advice good strategies for moving forward?