Parts of Garden City Beach are prone to flooding, so if you're buying a single-family house you'd definitely want Flood insurance. 

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

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

If you have any notes on the properties you want to sell them, email me, to buy them off you.

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

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

My friend has 3 rental properties there alone and when I asked him about buying more he said if he did buy it would be there.

It's going to be tough to buy a property without steady W2 income.  8k is a good start, but you might need to keep saving.  

@David LewisRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I would definitely reconsider buying into a property that will have a negative cash flow.