Then when you have enough money for the 3.5% down, buy a place that you can live in and rent out spaces to other people. 

And of course all the events and attractions that draw people to Myrtle Beach are just 20 minutes away.In addition to Murrells Inlet, I would consider the adjacent Surfside Beach... which sits right between Garden City Beach and Myrtle Beach. 

Capacity and Tolerance. 1) Capacity: how many people can you comfortably fit in the property, is there room to add more, or add more value to the tenants to increase rent.2) Tolerance: How many people are you comfortable living with, if there are vacancies are you able to handle that.House hacking is an amazing path to homeownership, and a nice low barrier to entry into self managing your properties.

When I see newer people expecting to find full cash out deals from out of state sourced from a wholesaler or agent I know they are setting themselves up to fail 99.5% of the time.

It'll be confusing in the short term, I think people assume it's inflationary.

Most people are going for 3+.

I have bought several places from people who did hard money and could not complete the project before they ran out of funds. 

These people are not a problem.

I have a feeling i can start something with some people we know and I always network when I can, so that could add more likeminded people. 

I bring a list of the offers (if you have multiple offers), this gives you the base to tell the appraiser if it does not sell to this buyer other people think/want the house at this price too.Also, bring permits for anything that has been done.