Or they take 75% of gross income into consideration?

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. 

Like they say a C and D neighborhood looks good in a rising market and when the tides turn its interesting to see who will be left with no clothes on.CheersAmit

@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.

If so, below are general considerations: If you are self-employed with no full-time w-2 employees, you can set up a Solo 401k & rollover funds from a non-Roth IRA as a tax-free direct rollover and then invest in real estate.Solo 401k vs.