I agree but it is (although waterfront) about a 10+ min walk to the beach and all of the competition has it included unfortunately.

We walk in to his office.  

With some older tenants I walked them through the set up at first and how to pay. 

I think their best option may be to sell it and walk away before they get themselves into a bind. 

But typically the seller can't afford or just doesn't want the house anymore and they're ready to walk way but they don't want their credit ruined by a foreclosure.

We would need to walk away from ~$10K so I'm trying to see if there's a path forward.

@Ryan Cleary I tend to agree with your thoughts - the ease of management/no maintenance was why I was looking into the 3bed+ luxury condo market.I would prefer to get a STR in an area that we like to vacation a few times a year, using the revenue to subsidize the cost of ownership (which is why appreciation potential is more important to me than monthly cash flow).Finding a newer luxury home that is walking distance to a nice beach in my price range has been challenging.

Some have jobs act poor many now own new cars and go on vacation walked out richer than landlords. 1 saved enogh now own a house.  

I'm open to suggestions on this one.I've started "virtually walking" the street of a property I'm interested in with Google Maps.

Sounds like you've already walked road not yet traveled for some of us.