A customer of mine happened to be a local real estate investor and he owned the land next to my business. 

Check with your broker and make sure this fits with your local laws.

A single-family home or small multi-unit property can be a great way to dip your toes in the water.Build a Team: Even if you’re planning to handle most things yourself, having a good real estate agent, property manager (if needed), and a reliable handyman can make life so much easier.Learn the Local Laws: Pensacola is pretty investor-friendly, but it’s always good to know local zoning laws and short-term rental regulations if you’re thinking about Airbnb or VRBO.Run the Numbers: Make sure you’re clear on the property’s cash flow potential.

I found this deal as an off-market property through my local network in the Hamptons.

A successful rental property should offer positive cash flow, meaning your rental income should exceed your monthly expenses (mortgage, taxes, insurance, maintenance, etc.).To find the right tenants, ensure the property is priced competitively within the local rental market.

Just be sure to check local regulations because some spots are cracking down on STRs.

You might be some answers here but local people will be better. 

After checking the local housing authority the SAFMR though the zipcode maximum is $1300.

Hi Karen, Have you tried reaching out to any other local investors or property management companies? 

I have seen REI Hub recommended on here, but I am unsure of their ability to work with local banks, so if anyone has any experience they can speak of that would be greatly appreciated.