To get things started was curious from those that have already taken the leap as to what type of secondary analysis you all are doing when you find a potential property?

Going DIY and self-managing this type of asset from another state may not be an easy task for such a building and neighborhood, it needs more attention (and probably capital).Try an unconventional approach.

(I know everyone doesn't have that opportunity.)Another factor is the type of deals you're looking for.

Unless this is some type of homerun deal, which I assume it isn't if the mortgage is upside down, then why bother?

All the ones I have seen so far are driven in the ground but I don't know what type of wind they are able to withstand.

And to answer your question, I've owned section 8 rentals along with lots of different asset types.

The majority of homes in Cape Coral sustained some type of damage.  3 months after the hurricane, there were still blue tarps everywhere, debris at curbsides, fences and boat docks down, etc. 

Managing property can either be a lot of work or fairly hands-off—it largely depends on the property’s condition and how well you screen potential tenants.As for deciding between the two property types, it really comes down to your long-term goals.

Do people really travel to these types of secluded locations for "weekend getaways"?

Some types of Creative Financing include: Seller/Owner Financing, Land Contract, Wrap, Assumption, Subto, Lease Option, Contract for Deed.