For example, you can drive 20-25 minutes from downtown Portland to the Sandy River and fish for salmon and steelhead and watch Bald Eagles fly above you. 

Lenders typically have no interest in taking on another property when they are underwriting a loan; especially not one on foreign soil.

that's cool.. great salmon fishing all around .. etc.. good value at well under 500k.. and being river front with Sandy beach it will air bnb really well.. which is primary focus.. 

Meaning, if joe and sandy and bob use the same contractor let him know that.

@Michael Locicero - I first got into the market after Sandy and house hacked my way into a home (Cape) that eventually increased over 200K in value over the course of 4 years.The key to investing in Long Island is finding older homes that need rehab in some of the lower income parts of Nassau.

@Sandy Miller Instant.

Once you got inland, or if you had a basement, no gutters would be a disaster as the soil is heavy clay away from the beach. 

Hello Sandy Woodruff, Jennifer King, Glen Gaidos and Anthony McCallum,I am quite a bit late to this BP thread, but I opened a Property Management company about a year ago. 

A detailed lease agreement is all well and good if the renter is a reasonable person, otherwise it might as well be toilet paper to be soiled and flushed. 

Also, you will want to know the soil types, supported/available utilities, where to establish easements (if no road frontage), and per acre pricing at a minimum.