Purchase price: $1,250,000 Cash invested: $260,000 Sale price: $1,875,000 Discover your 2,350 sq. ft. coastal oasis on a spacious 17,000 sq. ft. lot.

White sands, blue-green water, loads of tourists. 

In our property, the house was open to the air in the damp environment of coastal Florida, no heat or A/C at the house.  

We are interested in investing in coastal North & South Carolina.

We're already getting hammered with huge insurance increases because of the damages in these coastal areas. 

It should be noted that this is a coastal town with a high appreciation rate. 

Hi Shelia,Yes, the coast markets are pretty fragmented when it comes to regulation.Best options for STR (in order):Lincoln CityManzanitaFlorenceRockawaySeasideIf you need local expertise, @Taj Richardson lives and breathes coastal vacation and investment real estate.

'Raleigh multifamily', 'Coastal NC rental', etc.All the best!

The interest rate on a HELOC is usually higher than a normal 1st lien mortgage, but I am seeing some cases where HELOCs are in the 6's and 7's (where credit score is high and LTV is 65% or lower), which make them pretty comparable. 

The larger unit will have higher maintenance/cap ex even with coastal environments being harsh on some items.I suspect your expense estimates are far too low especially if you kept the BP calculator default percentages.