Have you checked the tax records online to see who owns the property?

I suppose people are focusing on flips in major metros rather than vacation spots?

PM me for info, I prefer to not blast their info online.

You can go online and check the Fair Market Rents that HUD uses to the determine payment standard amounts for the Housing Choice Voucher (Section 8) program in select counties throughout the country here: https://www.huduser.gov/portal/datasets/fmr.html.  

I have been looking at a handful of potential deals and the majority of them barely cashflow or are negative if I include myself paying rent (in theory to cover the mortgage).

@Walter Ciucevich what we do is we have a hard money lender come in with the majority of the purchase price and then we pay for the rehab or we use  private money to come in to pay for the rehab.

Sandy,My in-laws just finished major renovations to their home in West Cape May and have met with many of the local contractors. 

A great commercial local bank and banker that you know personally can open many doors I know it has for me.I am very old school. though.. other than having my account on line..

However, I hope you budgeted in losing the existing tenant, repairs, and vacancy because any major increase of rent = this reaction.

For me, since I've already deployed the majority of my personal funds into assets, my motivation is having OPM on individual projects which allows me to leverage that capital to increase my income streams while providing my partner a profit and exposure to the process of acquiring and repositioning distressed debt.