Yes, hurricanes can be worrisome, some much more than others, but with a reliable insurance policy, I have a hard time believing you will find a US beach market outside of the Gulf Coast that provides a more reliable income stream for at least 6, usually 8, months out of the year.

I will start by saying this is a more challenging market compared to the dozen years prior to 2022.

If it meets that or better, I will take a more serious look at the property.

Unless you need the additional money or the gains outweigh the costs, you may want to do a more conservative 75%.  

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

Your "opinion" doesn't help me defend MY professional appraiser opinion about the value of your property, but if you provide me data I'm not aware of, or haven't thought about, etc, maybe I can justify a different conclusion.Here's a thread where I posted a more detailed answer to what to do if comps are lacking.

@Art Giacosa What you are proposing is a more complexed entity structure than my past employer who owned a hotel portfolio valued over $1 Billion dollars.

You should align youself with a more experienced investor/manager. 

Let me rephrase what he stated in maybe a more dramatic, yet clearer way.

If I understand it right it’ll cost a bit more in the short run due to loan origination fees and higher interest then a more traditional loan?