Purchase price: $74,000 Cash invested: $30,000 Beautifully renovated 4-bedroom split-level home that features a new galley style kitchen with 42" soft close cabinets, stainless steel appliances, recessed lights, updated baths with modern vanities and fixtures, large living room that leads to separate dining room off kitchen, three spacious bedrooms on 2nd level with modern decor, large lower-level family room with ceramic tile flooring with well-placed laundry cove, and recently laid sod in front and rear of property.

I am about to close on my first STR in Panama City Beach, and would like to try and get people in there for the winter months to help cover the costs and lessen the maintenance burden. 

I can that zillow is generating views close to 10 every day but no contacts so far.How do you approach the situation when there are no comps for your condo?

Im closing in the next couple days on two more SF and a duplex. both SF all in 75k each rent will be about 1500, value about 115- 120k, Duplex all in 90k with 1800 rent.

Sorry for being long winded but my grandma always said "closed mouths don't get fed"..... so FEED ME!!!!

You really want to be close. 

Friends close/enemies closer.always great to know the competition.

@Whitney Bivins, it doesn't sound like a deal killer to me as long as the seller cooperates and provides concessions at closing.

I would rather work with someone who is willing to offer FMV or at least close to it with the understanding to the Seller that the discount is in the convenience. 

That lines up with some properties I've been watching in the $400k range that had to cut $40k or more off list to get under contract.