The gulf coast is a great place to invest and receives tons of visitors every year but we are seasonal(you'll earn most of your money March - Oct) and there is a lot of competition so you can't just pick any property listed in the MLS and make money investing here. 

You could hire a PM that will cost about 30% of gross income.Also there are people that thought it would be great to get into a STR and found out it is very competitive in many markets and they were having to make up the mortgage payments. 

Out-of-state Section 8 might bring in more money quickly and could be less competitive, but it also comes with risks like not knowing the market well and less control over your property.

I feel that it is very competitive in this business that has razor thin margins.

@Hillary Klumppit's tough to find good deals, as there is lots of competition for good deals among both homeowners and investors; good contractors are booked up, sometimes for years; materials are still expensive; appraisals are inconsistent; prices have leveled off and so aren't helping on the refinance.it's great that you have flip experience! 

Seems pretty competitive.

There's less competition for these larger homes, think eight plus bedrooms.

Thanks Also if you are in hyper competitive market just sell it in mls…..

There are some great competitive advantages when entering from OOS.

In short, what differentiates me from my competition is my adaptability and my compassionate nature.