Multi unit Investing in Atlantic City, NJ

[Raymond Vail]

12 years ago I was encouraged to rent in Asbury Park instead of buying the place I stayed in for the following 5 years. I did, however, start a business there at the time. Over that time, I saw the prices skyrocket as the area developed, my business grew but so did my rent payment. The saying "Beachfront property doesn't stay cheap for long" was tossed around regularly at that point. I'm curious to know if anyone has insight into what the future of Atlantic may look like or if there are any other investors looking at the area. I'm specifically looking at using an FHA loan for a duplex or triplex to "house hack" (one unit to live in and one or two units to rent). Any information, suggestions, or connections (realtors, lenders, etc.) would be greatly appreciated! Thank you!