Quote from @David Krulac: @James Hamling  Agree 100%, in my market the number of owner occupied buyers versus investor buyers is sometimes 9 to 1 or higher. 

Spend what’s needed to upgrade with reliable mechanical systems, roof that doesn’t leak, remediate all mold; interior design modernized; in other words a place that will attract a higher income no hassle tenant.  

And if they're valuing furnishings realize if the house is only marketed to a STR; then it limits the pool of buyers.

These markets are attractive because of their diverse, resilient economies, lower priced homes, and stable home price appreciation.

Finally got a walk thru of the property, now I don’t want to make an offer.This year I have been very intentional about input:- Phone calls- Conversations- NetworkingAfter a conversation with a large local home buyer in Memphis, I found a property that may fit their model.

Department of Housing and Urban Development (HUD) and Bankrate, the big perks of an FHA home loan are:Lower Down Payments: They typically require a smaller down payment than conventional loans, sometimes as low as 3.5% of the home’s purchase price.Lower Credit Score Requirements: They’re designed to help buyers with credit scores that might not qualify for conventional financing.

COVID created a chaotic spike in both the sale & rental markets, attracting even more new real estate investors.

It always sounds attractive. $300 a month for leads?

Under contract but these buyers are getting a great home, great location, for a good price.

And of course all the events and attractions that draw people to Myrtle Beach are just 20 minutes away.In addition to Murrells Inlet, I would consider the adjacent Surfside Beach... which sits right between Garden City Beach and Myrtle Beach.