Myrtle Beach Short Term Rentals

[Garrett Ferrara]

I've seen some posts in the past on this, but couldn't find anything recently.  I'm curious for those that own a short term rental in Myrtle Beach or those that have researched it, is there still cash flow opportunities or have real estate prices and fees (HOAs, licenses, etc.) made it difficult?

It appears the real estate market there is strong, but condo prices do not seem outrageous. As an out-of-towner, I'm having a hard time understanding all the considerations to determine if a property will cash flow- how much HOA fees, added expenses, vacancy rates for STR, etc.

Any and all advice is appreciated!

[Jeffrey Long]

In short, they generally don't cash flow. You can make them cash flow if you have a good eye for BRRRRing and self-managing.