I wouldn't be surprised if they got rid of it altogether.Greece also has new construction with sea views for the low 300s.

Prices so far this year range from $420k-$1.05M all with ocean views or ocean access.

There are PLENTY of them.That will give you a much more balanced view of the S8 program and whether it may or may not make sense for you and your wife.

The issues I ran into was the local market was already flooded with STR's and in order to be profitable you had to stand out with a home that was either near an attraction (ie great view, Garden of the Gods, Downtown, or a College) or the unit had to have amenities (Hot tub, Instagram Wall, Pickle Ball Court) that would place your listing far and above other similar listings.I think you should strongly consider if you more interested in moving away and starting a life somewhere else, or in creating a cash flowing investment to supplement your income? 

View reportOpinions on this deal?

This leads to the main point of this post which I hope results in hearing other's point of views on the subject.  

Use every avenue to find deals, direct mailers, realtors (I know there's a view that you can't find deals with realtors but if you ignore realtors you will miss out on pocket listings that do not show up on the MLS) Wholesalers,.....3.

View report*This link comes directly from our calculators, based on information input by the member who posted.

Further, we understand that many real estate investors view the use of leverage as key to the benefits of real estate investment, and that we wouldn’t receive any of that benefit through this transaction.What do people think?

For the bulk of my real estate service career I've sold Oregon Coast property and STR vacation rentals with ocean views and occasionally oceanfront locations.