Your $80k estimate could be legit but unless you had a contractor estimate, which we always bump up, or we personally walked the house to confirm, we use 15% of the ARV, or $94.5k in your case.

@Sushree MohantyI don't personally invest in STRs, but there are a ton of posts on BP from California investors looking to invest in both STRs and LTRs who ask for market suggestions. 

@January Johnson is a goto person for Florida.Also, do a search on Gulf Shores and you will find more people and info.

I don't know how the average person could afford this. 

I personally invest in the Ohio market, and my investments bring in good cash flow and appreciation.

He's in that area and actually started his journey house hacking in MA so could be a good person to talk to! 

This person and I have done a previous deal together but very different circumstances, so we have full trust in each other. 

Personally I'm not really worried about natural disaster type issues in DFW. 

You cannot make a good deal with a bad person.

We have to do a no docs loan as we don't have enough personal income to qualify otherwise.