A lot of the owner occupy loans require you to live there for at least a year, so it's not forever. 

I would get an attorney or title company involved to create your loan documents to ensure they comply with the law and cover all the aspects you need.Another method that is likely your best bet to take on investors is to create a joint venture (JV).

Option 1: The loan that the owner has is an assumable loan at a 3.875% rate and still has about $265K.

(The B Side Motel in Bandon is one) currently listed for $2M+ combination of 10-12 units and RV hosting.

FHA loan through my mortgage broker associates.

Quote from @Brittany Minocchi: I'm a bit farther north, but I've helped a couple of people with loans in that area - the properties seem to be working out well for them!  

And your point about a lingering HM loan makes sense.

If you're confident you can find better cash-flowing deals or scale your portfolio with leverage, it could make more sense to reinvest rather than pay off the loan.

I generated the list by combining Zillow's smooth, seasonally adjusted home value dataset (ZHVI) with their rent index (ZORI) for metro areas.

The investors put in $100,000 and he took out a hard money loan for his part.