Investment Info:Single-family residence buy & hold investment.

These are top drive-to destinations for much of the Southeast, so short-term rentals here can generate solid cash flow, especially during peak seasons.The area is also seeing steady growth, with more infrastructure and amenities being added to support visitors and new residents.

The other hurdle many run into is that you need to have funds to close and cover reserves in a US based bank account.  

If OP can lever-up while maintaining adequate reserves, he will be in better position than buying with heavy cash position.  

Originally posted by @Anthony Dooley:@Ali Boone Why would someone need cash reserves for vacancies or emergencies?

A cash-out refi could allow you to set aside some funds as a reserve or at least pay down your debts so that your lines of credit (credit cards etc) can act as your emergency reserve when more bad things happen. 

While very lucrative - if you don't have enough reserves, it can really break the bank. 

You will also need about 6 months of reserves deposited in a traditional financial institution rather than a crypto account.The next step is to find the target property and calculate the acquisition costs and costs of construction along with the after-repair value. 

I would just make sure you're saving for reserves and expect that first year to be really about learning the house.

Banks are allowed to lend more $ then they have in reserve.