Though my last visit turned me off with the traffic and prices.

In '23 the state set records for tourism revenues and visitors to the state, a hat tip to your point about year-round demand. 

I have been on BP a long time and maybe about eight years ago , a person had a small chance of finding a posted house for sale here that can be flipped.

The repair was extensive and costly, requiring excavation (about 3x6 feet) to replace the broken section and clean up the mess.

Congrats and knock out that extra debt you accumulated so you can save up for STR #2!

I love the properties and the are all profitable.

@Kwanza Price tips for managing contractors:1.

But let’s go a later deeper - my down payment would come out of a well performing stock portfolio.

Worst case you can have your loan be "Partial Interest Only" which means the first 10 yrs of the loan are interest only, and the following 20 are fully amortizing.

By year end I will tackle a MF, value add with my son that would be sweet if we can swing the coop/tic (handling the finance challenges is the hurdle) so he ends up with a unit at below 50% of retail.