. - ​Fully upgraded with energy saving high impact windows, new AC units, new electrical panels, plumbing, new kitchens, stainless steel appliances, each building has its own energy efficient washer and dryer, energy saving lightings, landscaping, new high quality porcelain floors.​- No flooding area.- ​8 street parking spaces.

I was turned down for a HELOC with a different lender (a local credit union who would've given me more credit, but determined my current debt-to-income is too high, especially since the rental property isn't generating rent at the moment).I know that I can do a cash-out refi on the rental property in a couple months.

I have a 4 year background as a project manager working on some very high end custom homes in the area.

The longer they stay high, the more investors who thought it was a good idea to buy 3% cap buildings on cheap debt a few years ago are going to get bled out.

@Greg Strunak If you're looking to purchase a condo in the Myrtle Beach market I highly encourage you to align yourself with an investor-friendly agent who is experienced in dealing with oceanfront vacation property. 

Biggerpockets has some great bootcamps that I highly recommend.

We have seen highly decorated smaller homes book well.

@Jamie Boyd That sounds a little high for only the shell but unless you have some preliminary drawings to work off of, you're always going to get a high budget.

And just because of that Id be highly wary of anything he promotes......

Typically property managers charge the following:-Monthly percentage-Finding new tenants-Renewals-Charge on top of maintenanceSo even though it is 10% of the gross rent, often times it can be really as high as 18% when all is said and done.