I do personally think that when vacationers stop traveling as much like in the times we're having now with Covid and other market downturns then it's beneficial to be either on the beach, have an ocean view, or be located very close to it. 

My vacation rental was purchased from a man that had owned it for 40 years and never locked the door once, even when he traveled the world for a year.

Looking here specifically for personal use as well- we're a short driving distance (close enough to do last minute trips, but not manage the flips) love the beach, love Savannah, usually travel a lot and due to covid & a new baby we're thinking an investment is a better use of that vacation budget.  

I kept the momentum going by having a "WHY" purpose and defined criteria, in addition to confidence in my strategy.

The owner is selling it for a reason...what can you do with it that he/she did not.And, I think you're smart for looking beyond the first year cash flow; the most successful investors I know are interested in performance improvement year-over-year and are confident in their skills to "create" a winner.Hope this helps...what little you shared didn't scare me in the least.

The truth is, at a certain point, if you feel that real estate is a strategy that can impact your life positively, you'll have to jump in without being 100% confident.I will say, there will be some factors that can at least help you feel more comfortable and confident in taking the leap:-Soak up as much information and education as much as you can.

I feel very confident in you and your abilities when it comes to multifamily investing and would welcome the opportunity to invest with you again on more projects going forward.

@Reagan Huefner, Chase Sapphire Preferred is offering 80,000 bonus points (equivalent to $800 cash or $1,000 travel) on $4K spent in first 3 months right now.  

That way, when a deal pops up you can confidently say that the numbers work after plugging it into your pre-made excel model.

It won't be comfortable to execute this, but it WILL work. 1) MINDSET - work on your confidence, vision, goals, as well as monthly, weekly, and daily plans.