I don't know Texas, but in my neck of the woods, that's a bad time to be looking for a renter. 

Sometimes the disaster would be selling for more than the renovated house because you could see a small sliver of the ocean if you stood on the balcony and craned your neck in the right direction.  

They're new and neck for #1.A "tight tank" septic is an absolute deal breaker for me.

And I do like to flex my imagination muscle and practice my business planning skills.   

If you see a lot of properties on Air BnB or Home Away in your neck of the woods, you are in for some stiff competition, but what in this life doesn't come with stiff competition?

It is usually tried and true.The only other thing that draws concern (at least it would in my neck of the woods) is the fact that all of the units are 1 bedroom. 

I haven’t been able to figure out how to cash flow in my neck of the woods without a sizable down payment and would love to hear your take.

But you're right, the numbers are very tight and prop taxes in my neck of the woods are around 2.5%.

@Luke Gronski  Welcome to Asheville Luke (when you get here :+)  What brings you and your wife to this neck of the woods? 

State and Federal regulations play a big part. along with access to Mills and fiber plants.I have never really delved deeply into East coast or deep south timberlands.. just know my neck of the woods here in Oregon and WA.. and I have logged in N.