Hello all,I understand that opinions may vary and depend on goals and circumstances but I just wanted to hear some experienced local investors weigh in on a first rental property investment in Florence vs Beaufort SC?

This is something i've been trying to define myself as I don't want to rely on the first come first serve method. 

If you really want an answer you can confidently rely on you'll need to engage an attorney practicing in the state the property is located in and the state of residence of your grandparents and have him research the specific facts of the case.  

Forced equity and cash flow vary quite a bit by the deal, but Idaho is the most landlord friendly state in the country- the state actually just passed a law making it illegal for cities to regulate rent rates or fees in any way. 

If you have particular lender you want to work with, now is a good time to have a conversation about the MTR rent - lenders will vary on how they calculate this income and the seasoning required.

That probably means sellers will more often rely on the X% that folks vaguely believe to be the industry standards. 

I haven't heard back from insurance company yet whether they need a re-inspection before they insure the property.Would you rely on inspector or a roofer/roofing company to tell me if there is roof damage? 

This likely will vary by state.I do agree with you there is some definite potential to this approach especially for buyers with high incomes (and high tax rates) and looking for post retirement income streams.

The wholesaler isn't a competent contractor or even a competent investor themselves 99% of the time, so you have to decide who you want to rely upon for estimates.

The entire premise of this plan relies on the appraised value of a duplex, and how much $150k gets you in your market.