I think it’s the worst option overall, because you have to replace it every few years and it holds water and smells.

You can also directly partner with flippers but that typically involves a higher degree of risk, and is typically less passive than just holding a note. 

Longer term, we could add additional cabins to the property (as stated above) since the current owners are sending overnight business to hotels in the area that are 15+ mins away.Our situation:We have about ~45% equity in my home (appraised at $775K about 6 months ago; we made some improvements but to be conservative, let's say this is still a good estimate), I can cash in my 401K, and have RSUs from my company that I can use for the majority of the cash I need to have "skin in the game" but it's short the 20% I will need for an SBA 540 for the real estate + 5% for the SBA 7a (this 5% for the DP is possible if the sellers can finance some of the business).

Do you want to take on the large project of a flip and sell, and walk away with a lump sum of capital, or do you want to buy and hold -- putting in the needed renovations to make it renter friendly and then getting a tenant into the property to pay off the asset?

On the good side I know they offer generous returns and have relatively shorter hold periods on some offerings.I know a few folks who invested with them and overall pretty happy with the outcome.

It's hard to cashflow in most places right now, so don't let that hold you back from the Myrtle Beach area.

Duy-and-hold strategies in tertiary markets like Birmingham just aren't cutting it anymore.Turnkey Providers?

I'd contact the finance entity who holds the mortgage, and buy it from em! 

Just curious on what some of you think of where the STR game is currently at, and where you think it is heading?

I am investing for the long term, so I am not extremely worried about cash flow, and more interested in playing the appreciation game/rent growth game.