I think you'll just generally have less competition, so your chances of landing a property are higher, but I'm not seeing any bargains due to seasonality like there used to be.

@Ryan Cousins It is a very competitive market especially in those neighborhoods. 

The low Australian dollar is giving Australian wines a competitive advantage intl. these days.

@Jake Andronico A reverse 1031 exchange allows you to buy a replacement property before selling your relinquished property, offering flexibility in competitive markets and deferring capital gains taxes.

Other forces including skyrocketing insurance premiums, inflationary pressure on expenses and tough competition in the Class A space work against efforts to improve NOI. 

I always check active rentals to see what the competition is currently looking like for if a rental were to go live that month too.

I am not opposed to the idea but definitely need to get more educated on the details such as where exactly, is it too crowded of a space, how to be competitive, maintenance requirements for a beach rental, etc.

However, it’s important to price competitively and be prepared for buyers to request concessions.

In my area cap rates are getting better because there is less competition, lower prices and rents are still the same/rising. 

Getting it under market value would be a bonus.So, would using an FHA 203k renovation loan, which would allow me to buy something unqualified for a standard mortgage, which would weed out a lot of competition and push the price lower.