Assuming you are inquiring for the Myrtle Beach market, the average (across the 5 submarkets and all property types) is for 72.5% to require 2 nights or less (46.5% have no requirement).This is highly variable by ZIP code and property size/type, however.

Good luck with the project.It supposedly has a very high 'pigment count', seems really good.

With borrowing rates as high as they are, it could be difficult to maximize income by 1031 exchanging into a rental that is both (a) financed, and (b) in an urban area where prices may still be close to 2023 peaks. 

I highly recommend trying out some of the free trials the different softwares have and seeing what works best for you. 

Prices are at all time high and rates are near highest in past decade. 

Happy Wednesday BP community,Being in such a high demand market, networking and finding reliable people to work with has been challenging.

@Samuel Metcalf- Most HELOC lenders  only lend on primary homes ...the  few lenders that do HELOCS on  rentals will likely have a low  CLTV   ( and a high margin over prime  which will lead to a rate in double digits ) .. check  with the banks / credit union located close to the property  and  also maybe there will be some feedback on this thread  pointing towards lendign sources that might work 

I love the idea of adding a touch of luxury to make it feel like a high-end haven, like a fancy Jacuzzi bath, just to name one.

Real Estate News in BriefWill stubbornly high mortgage rates hurt the spring selling season for the second straight year?

Dianna is highly regarded for her talent in identifying exclusive investment opportunities, conducting project analysis, and implementing distinctive marketing strategies.