Fire Island Investing

[Frank Artusa]

Greetings, I'm considering entering the market in Fire Island, specifically through the purchase of a single family home and exploiting the summer rental market. Does anyone have experience in this realm? Or any deals worth scrutinizing? How about pit falls, lessons learned, or general hazards with this particular area? 

My experience is traditional multi family rentals as wells as flipping so this is new territory. My ultimate objective is to produce an additional stream of income, but to also have a place for occasional personal use. Thanks.