One consideration with regard to offers contingent on bank financing is that banks want a fast transaction, a guaranteed fast transaction.Getting a pre-approval letter from your bank is a great way to fast track a real estate transaction.

Or they take 75% of gross income into consideration?

Case in point, he hasn't pulled the trigger personally on any deals for himself either.

It will include all pertinent information, rent, deposits, special considerations, term of lease etc.

We also have 2 and 3 br condos that a two blocks from the beach that rent for considerably less (and cost a 1/3 of the price of the ocean fronts),   if you're specifically looking to fill it with vacationers, I would recommend looking at Folly Beach, Isle of Palms, Kiawah Island, and Edisto Island in that order. 

Also, the departing tenant will owe us a considerable sum above the security deposit for damages he willfully or negligently caused to the property.

:)  It all depends on what you want though, if it's an area you want to visit with your family then you have to take that into consideration as a type of 'return' on investment also. 

@Monica Litster a consideration is what will the primary lender allow.

@Neddie SmithHi Neddie welcome to BP..Feel free to connect and I will happily provide answers to your questions.In short , here are major points that foreign investor should take under consideration:1.

I also take in consideration the square footage around the community and the rent.