Treat projected rental income as a business assumption that needs verification—not as a promise.
The Grand Strand's visitor volume makes rental potential an obvious consideration, but gross rental revenue is not the same as investment return. A buyer should build a property-specific model before depending on income.
Check municipal or county rules and the condo or HOA documents. Rental eligibility can vary by jurisdiction, community and building, and rules can change.
Start with realistic gross rent, then subtract management commissions, cleaning or turnover costs not passed through, utilities, HOA fees, insurance, taxes, repairs, furnishings, platform or marketing costs and a reserve for replacements and assessments.
Owner weeks during high-demand periods can reduce rental income. That may be perfectly rational for a family second home—just account for it honestly when comparing properties.
Historical rental statements can be useful, but understand what is included, whether future bookings transfer, and whether the prior owner's performance is reproducible under your management plan.