It is improving, meaning sellers and builders are facing a little more competition, but there is still a shortage of housing units in the region. 3) Rental prices are strong and single family homes and townhouses rent very quickly.

I like how I can dig into the competition and see their nightly rate, pet policy, etc.   

Just from the little you wrote, it's pretty heavy on the red flags. 60 days on the market (depends where this is whether that is a lot or just fine, but definitely overpriced at this many days) plus no sold comps.

If you believe the area will appreciate heavy, I personally would opt for SFH.

You could focus on entering smaller or less competitive markets where your capital goes further, such as investing in affordable multifamily properties or cash-flowing rentals out of state.

Multifamily is a smart goal, especially in military-heavy areas like Hinesville or Savannah.

Watch out for any water filtrations from the upstairs pool I have seen that happen in a couple of projects, make sure it's a good builder.I like boutique projects with fewer neighbors, more exclusive, less resale competition, and less rental & rate competition as well.

By fostering a collaborative relationship built on trust and transparency, brokers empower investors to navigate the complexities of real estate financing, ultimately contributing to their success in the competitive real estate market.

I plan to check them out although I don't think they can be competitive for lending against equity vs alternatives like IBKR.I will keep this thread posted as we navigate this in case others are interested.

Here's some questions for you to consider since you will be undertaking heavy renovations.