The good news in Sandbridge is that the off-season is the best time to acquire a property out there and will give you a chance to get the property right before the next season starts. 

If all goes well, I may be able to partner with this seasoned developer in Baltimore to help me through the process and we're currently discussing what that partnership might look like.

But how can a "newbie" help other seasoned investors?

If you want to optimize you could identify the busy season and make that STR friendly and then the rest of the year block it for longer stays.

Hybrid Rental StrategyRent as an STR during peak seasons, then switch to mid-term rentals during slower months to increase income and reduce vacancy risks.2.

However, most banks have seasoning periods now so you probably wouldn't be able to actually tap into that equity for at least a year since your original loan was likely just to build.These equity plays are a different strategy, but combined with usual appreciation, can also work, especially in some markets more than others.

If I do go the FHA route and live in the property, would I be able to cash out refinance the property after the “seasoning” period and pull out my equity after the rehab and tenants are in place?

Would this be a deterrent for the seasoned investors?

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

My current deal has been delayed for over 30 days because the Launch rep wasn't aware that you cannot wire money from an offshore account- by federal regulation, the money must season in a US bank account for 30 days.