Out of state BRRRR or flip is probably the highest risk strategy that you can choose.

Murrells Inlet, in my opinion, is the better strategic route but you need to check out both and vet themselves for your risk tolerance.

Even if you want to roll the dice, at least is a calculated risk, not a surprise down the road. 

I am particularly concened about the water meters not being hooked up and potential charges there. 

There is no real risk. 

@Jay StraderI'm wondering the same thing - I had an attorney review the contract & basically all it said was invest at your own risk.

The practical path is to take progressively less risk as your portfolio grows.

To the OP, if you can house hack in your local area, that would reduce the risk of investing in a far away market. 

The fact that you moved from your primary residence three months after purchasing may seem a bit strange to your current lender, especially with you potentially having it classified as an investment property in the same calendar year.

Hey @Matthew AllenIt’s a creative strategy that could work in the right circumstances, but there are some risks to consider.