Many of them now have very restrictive permitting requirements.However, I have a real soft spot to Edisto Beach.

If you do budget that much, the you will easily hit your profit target.There are currently no restrictions in Lewis county and STRs work there, but there is always discussion on them by the city.

I did do a precursory investigation into what requirements are and it looks like there might be some zoning restrictions, as well as permits required.

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.

Cap rates:  Cap rates have been expanding, but sellers think they will tighten. 

While it’s an affordable entry point with low maintenance, you need to watch out for high HOA fees, rental restrictions, and resale challenges.

To succeed, focus on properties in high-demand neighborhoods like Pecan Grove or Aliana, and ensure your cash flow analysis accounts for high property taxes, potential HOA restrictions, and flood insurance costs.

An HOA can easily restrict someone trying that strategy. 

But, there may be restrictions in the mortgage.

However, sold data is restricted in a lot of states so it's not accurate comparatively.I have always found the overall interface average.