We have more traditional 3/2 single-family homes within walking distance of the beach that can be purchased for $400-$500k. 

If it's walking distance from the beach it would probably be suited for retired snowbirds or remote workers.

Where younger generations are settling for a 1 hour+ commute to be able to afford a house. 

Currently listening to the long distance investing book by David Greene, have you read this book? 

I recommend reading “Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties” - I found it to be very helpful when I got started investing 2.5 years ago.

Hello,How do you typically go about furnishing a mid to short term rental while being completely remote? Has anyone used Wayfair and their design services? I have seen people hiring designers from out of country for a...

Walking distance to the beach? 

Buy and Hold: Norfolk (Best Cashflow Potential), VB (Townhomes tend to work well, Green Run is a great area for cashflow), Chesapeake, Newport News, Suffolk (Less Military presence which is why i would put last.)STR: VB (in the proper zones if you have the money $850K+), Norfolk(Ocean View area specifically but have to watch out for the AICUZ restrictions), Leave the restPart of that decision process is distance to that I would need to travel to deal with rehabs, I hate dealing with the tunnels so I would almost always pick places on the peninsula last since I am based in Chesapeake.

Businesses have set hours and a specific service they provide and though are almost always gracious with their clients, the relationships also have a professional distance and clear roles.

When commercial lenders are evaluating a first-time CRE investor, they like when the sponsor is within driving distance of their first investment, so pat-on-the-back for staying local on deal one, it makes it a more prudent transaction for all involved.