This seems a bit risky and too complicated, in my opinion.

What made you interested in investing in this type of deal?

I’ve made some valuable connections here and picked up a lot of helpful advice from the forums.I’m an investor and real estate agent in the Grandstrand area, so we might even have opportunities to help each other out in the future.

Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.

That being said, this neighborhood is prime for gentrification and appreciation based on the neighborhoods surrounding it. 

This is also my first rental, so there are many unknowns at this point.

I know this is more of an investing forum, but I figured I'd reach out and see if members with an investing background would provide advice.We're preparing to purchase a vacation property in North Myrtle Beach.

However, I’ve often felt alone in this journey—especially when making big moves—and that’s what brought me to this incredible forum.

Invest in RelationshipsBuilding strong relationships with lenders, contractors, inspectors, real estate agents, and attorneys can help close deals even in tough times: Real Estate Agents: Experienced agents know how to guide buyers and sellers through complex markets.

In some cases up to 85% of the sales price of the property is accessible on purchase transactions.