Investment properties in Beach Towns
Has anyone here invested in Beach towns in Ocean City, MD , Myrtle Beach, SC or Panama City Beach, Fl ? I'm interested In buying a property in a beach town and renting it out. Can you make a profit buying a property in the $250k range ? I have heard horror stories about people buying properties as an investment but then saying that after the rental management fee and HOA fees there isn't much profit , if any to be made. Can anyone share some advice or their own personal experiences ? Thank you in advance