I have also utilized owner financing for longer periods of time, including personal residence and 2 barrier island houses on the coast of Florida.  

Managing a property can be incredibly rewarding, but it does come with its fair share of challenges—especially with the recent shifts in Rhode Island legislation.In 2024 alone, 39 bills were introduced, and seven significant ones passed, including extended rental terms, mandatory fee disclosures, and other updates that every landlord should have on their radar.

What works best really depends on your goals and risk tolerance, but here’s a quick rundown of what I’ve seen happening in the area:STRs: These are still solid in vacation-heavy areas like Naples, Fort Myers, and the barrier islands.

I used to live in the lower mainland but invested where the numbers work like Vancouver Island or Northern BC.

This property is in the area of Brown University in Rhode Island.  

We have STR properties in Oak Island, NC. 

I live in New York and majority of the inventory on Long Island is too expensive for even renting. 

Now the island has limited owners to one guest per month.

Nice to see another Big Island resident in the forums! 

For example, in the New York area, especially in some hyped-up fringe neighborhoods (like certain areas of the Bronx, Queens, or Staten Island), finding a "bargain" seems easy.