Happy to chat...being a local GC takes out a lot of the risk of the biggest variable for most investors (unpredictable rehab costs) and also allows you to consider more options than the average investor, with your rehab costs being significantly lower.

Can anyone suggest beach markets in SC and/or GA that allow STRs and cash flow with 20% down?

@Summer Shelton yes, FHA loans do allow this but make sure you speak with your lender about some of the trip ups from these loans.  

This is a self directed RRSP or TFSA account that allows you to lend your money out to people with the backing of their mortgage for a high interest rate. 1st, 2nd, 3rd mortgages, down payments, refinances, flipping or renovation money.

My uncle has agreed to allow me to use his system, employees and resources to build my own trailer park empire.

When we spoke, I alerted you to the need to make the quick repairs, and you agreed to allow access to the space to get things back to top shape.

It sounds like some lender will allow you to get a 2nd mortgage for that $172K amount and some will not.Does anyone know of any lenders that can work with this?

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

I would recommend targeting 30 day minimum rentals (Most associations are 90+), allowing 12+ rentals per year (most allow 1-3), and no in-person screening for tenants required.

Despite my concerns, I allowed the appraisal to proceed.