The truth is they all will not be able to afford the same type of place.

Its the truth all the way around

The truth is, it's an asset like anything else, and any asset can be financed.  

The truth is, they don't really know that this is happening.Distractions with shiny objects, technology and social media takes a big toll. 

Im halfway through reading (listening) the 5 books that Brandon Turner recommended in a recent post:- Rich Dad Poor Dad, - The 4 hour workweek, - The total money makeover, - The Lean Startup, and - The One Thing - The Surprisingly Simple Truth Behind Extraordinary ResultsAnother book i recommend is The ABCs of Real Estate Investing by Ken McElroyAnyways hopefully I've informed some people who will find this useful!

Bottom line is out of state investing is a very serious thing and you cannot listen to anyone .. this is your money and you need to understand the risks.Quoted for truth.

I’ve since made a conscious decision to let go of my ego, live in my truth, and learn how to become more vulnerable.

thank you @Mardochee Pierre very much although i do plan to flip it for a profit i would like to live there a year or two and make it a vacation rental when I'm not there and really don't want an inland house although i do notice a majority of the waterfront homes are actually just on a canal and there is the whole hones beech long beech rockaways etc... acting as a wall in my opinion.....mainly could you perhaps recommend an experienced inspector that could assist me when i visit the open house... they do provide all sorts of inspections and property information but i just don't trust them after all the whole thing is organized by some 3rd party company making a profit off the 6% commission at the auction so obviously they could be less than truthful... also any information from the state which owns the homes at this point i really wouldn't trust because i know the state can say one thing and than a local town official could come around and say oh no no you need to teat that house down etc...

The truth is that you just have to have a LLC which you probably have for one of your Real Estate Investments. 

scott yancy is  yet another clown trying to screw people over, there are several on this website actually trying to become the next "armando montelongos"......the truth (from someone who has flipped many house successfully and has yet to lose money even once doing it) is that one can learn everything they need to know by attending any number of real estate groups, and/or copying off those that are already successful. read books, learn everything about construction, buying houses cheap, selling houses sucessfully,...plus everything else....ha