I kind of didn't want to mention that on the listing so that it wouldn't turn people away before they even had a chance to see it in person.  

I’m trying to familiarize myself with the area more thoroughly.it seems to have a stable increase in prices.Since I plan to live in the property initially, breaking even in the first year is my main goal. (5% down; PMI removed with renovation)However, I’m also wondering if it’s feasible to have some cash flow from such rentals, or if the risk of vacancy is high in this market.Any guidance or pointers from those experienced in this area would be greatly appreciated!

In a rapidly-rising interest rate environment (such as we've recently experienced) that tradeoff may or may not pay off.Unfortunately, in CRE finance there is no perfect financing vehicle and you can't eliminate risk--you must choose which risk you want.

In 2021 this split likely could get an experienced investor, but in 2024 I would pass.note 75% of nothing is nothing.  

Even in high-cost markets, creative financing or partnering with experienced investors could help you get in the game.

@Chris Seveney - Chris I know you know this, but sharing this for a lot of less experienced investors out there. 

The key is by leveraging OPM (Other People’s Money).Do you have private money lenders in your circle who might fund the deal in exchange for equity or some interest?

Explore FHA loans and mentorship opportunities from experienced investors.

My goal is to help property owners navigate management challenges while ensuring their investments are well taken care of.I’d love to hear from experienced investors about what’s working in the Charleston market and share insights as I gain more hands-on experience.

Then came Dale Carnegie’s How to Win Friends and Influence People.