myrtle beach is a great investment, although I would not personally invest in myrtle beach proper. we are in ocean lakes which is myrtle beach address but us literally on the road that separates myrtle and surfside.

you obviously got hit by a spammer there are thousands of them trolling the Private lender pages looking for victims that are not familiar with how private lending works. 

Any advice is greatly appreciated :) So you want to learn how to invest 100ks of thousands of dollars or millions from the internet? 

Given the block this was on which was primarily mix of decent homes and obvious rentals, and this home needed a few thousand in repairs prior to rent, I did not want to pay more than my max 76k offer.

We have bought 4 foreclosures - 3 went great - the other one literally wreaked of cat urine so strong we had to wear respirators to walk into the house.  

That property is literally screwed.The real answer to your questions is it depends on what is common and accepted in that area.

When I was active at the courthouse steps, there were literally 50x the cases filed now in 2024.

This is just my opinion because in over 18+ years in banking I have had thousands of customers who started off doing fix and flips change gears and then buy and hold. 

Each person has their own risk tolerance, however what I will say is most people don't have straight cash to buy a couple hundred thousand dollar property hence are forced into utilizing hard money. 

Or do I have literally NO tax obligation from the sale?