I was curious about overall Oregon Coast inventory and whether the lack of homes and development could be a contributing factor. 

Improve Tenant SatisfactionTenants value convenience.

I have the property rented now and want to improve my cash flow by reducing that $400 a month in interest. 

Then there are negative cashflowing properties all over, due to a variety of factors, like inventory controls, owner standards, management standards, marketing standards, guest experience, furniture, decorations, amenities available, etc.I’ve been helping many STR owners and operators that are in a similar situation as yours.

eg: HVAC, new hot water system, new building access systemFor capital improvements that apply to all units, what is generally allowable: eg: facade, roof, common area upgrades, new laundry room, basement gym, etc.

I have stayed in the same areas where I started so my local market knowledge continued to improve, and my competitive advantage stays strong. 

Yes, inventory has ADDED, a lot, over this time.

Quote from @Joe Grespin: The market across the country has increased in inventory which will/has been putting downward pressure on the pricing of properties.

Builders in these markets are often more motivated to close deals, especially when inventory is sitting longer than in the urban core.

Local lenders familiar with vacation markets can often use STR comps or AirDNA to support the file.New Construction Adds Inventory for DSCR Plays: New builds in Carolina Forest, Conway, and Little River are creating opportunities for investors to finance with DSCR from day one — especially if they’re purchasing with tenants or STR setups in place.Out-of-State Demand Keeps the Market Liquid: With many buyers from the Northeast and Midwest, Myrtle Beach properties are trading fast — but well-priced DSCR-eligible deals are still available, especially off the beachfront.💡 Investor Takeaway: In a market where gross rents can outpace monthly payments, Myrtle Beach offers a rare advantage — you don’t need to over-leverage to make the numbers work.