Now that I am a PRO Member, I will definitely be utilizing all the tools, and networking BP has to offer.

It sounds fine to me, but I don't know how I would pick a cap. 

Its not Sexy or fast , but it will get you there, and many to pick from in many markets.

I would also love to connect with an experienced investor in this market to pick their brain, so please feel free to connect with me on BP.

Even if you're picking these properties up for $50k each, you'll only be able to get 2 of them. 

Garbage and water/ sewer also seem high but I don't know the utilities in your area. 

Ocean City is ripe for utilizing a local management company like Shoreline Properties (I have no relationship with them other than renting from them) that have all of the services in place.

I'm sure there must be a reason you are picking a place thousands of miles from home to invest (not what I would suggest) but - I would travel to the area, spend a couple of days getting to know the place, and attend a REIA meeting to meet some fellow investors before I'd through a bunch of money at it.

I am currently working with investors in the Slidell and New Orleans area and would love to share any leads I pick up with you.

For business lines that do require one, it doesn't show up on your personal credit reports (unless you default) which is a huge benefit due to utilization.