It has a disaster of a trailer park on it and the listing realtor openly says the value in the property is to build the allowed 28 single family homes on it.

Which kinds of assets (single family, multifamily, commercial, etc) are you interested in and which kind of strategies do you think will be best for you (long term buy and hold, STRs, flips, house hack, etc.)? 

If so I would look at leveraging an FHA loan product for 3.5% down on a duplex, triplex or quadplex (what some call a "house hack").

If your budget will allow for a purchase of $400k or more, a single-family house within walking distance of the beach will likely yield higher return and a larger runway for appreciation.  4-bedroom channel homes in the popular Cherry Grove section of North Myrtle Beach go for around $600-$800k. 

One difference vs Ohio is that you'll get a newer nicer product with likely a more professional workforce renter, vs Ohio. 

Hello Yang, affordable single family homes under $100k are prevalent in Cleveland area.

I work with single and multi-family Owners & investors to rehab their properties for various exit strategies.

@Neel Patel - I doubt you can get $1600 for the larger unit;  for $1600, the tenant could rent a fully rehabbed single family home in a nice area of Huntsville or even Madison proper;  the other rent amounts are probably feasible, although again, $1100+ can net a decent SFH rental. 

We just finished a single/multifamily neighborhood in park circle last year.  

I've made it no secret on BP that I think the subject to product takes advantage of sellers that aren't savvy.