That's about how many overall residential homes are on the market along the entire 400ish mile long rugged and majestic Oregon Coast at any given moment. 

Wildfire risk is also nearly non-existent close to the coast, and haven't yet heard of hurricanes or tornadoes, but you will notice a tsunami sign or two..Electricity, water and general operating costs are surprisingly 'affordable.'

Sherman is a lender from PA totally different rules and laws and 99% of lenders unless they were in this day in and day out would not really know especially west coast laws.. if this is Oregon deals what your doing is clearly illegal.. if they are all on the same mortgage.

Regional and metro area inventory trendsThe South and West are closest to bridging the inventory gapIn May, all four regions saw active inventory grow over the previous year.

I have cleaned up a number of these deals over the years.. they are all great when they are working and everyone is on the same page but when they are not.. there is extreme risk to the original seller especially in Texas were a bank or lender can get a money judgement on purchase money loan.. out west not so critical original seller just gets their credit trashed if it was not already.. but there is no money judgement available to the lender for a purchase money owner occ loan in first position.

will also on the left coast its exceedingly rare that a property with improvements goes to tax sale ..99.9% of tax sale props are bare land. 

It seems like you have your heart set on Anna Maria Island, but if you would ever consider the east coast I have a similar deal that sounds like it might work for you!

We've helped several high W-2 wage earners take advantage of the STR tax 'incentive,' here on the OR Coast.

Smart to be looking down the coast at a few markets for opportunities.

We've sold over two dozen coastal and luxury Oregon Coast STR's the past three years and our entire day is invested in keeping up with the rules and regulations regarding short term vacation rental usages.