Talk to an attorney to access your risk. 

If you know where any more notes are that can be acquired for $.20 on the dollar please let me know and I’ll be interested in those that you do not purchase. :-) back in the day and not a big deal flow.. and all land contracts on bare land.. to put it in perspective. :)

So.. can investors still acquire a lucrative vacation rental on the Oregon Coast?

Over that time we have acquired 4 properties, 6 doors. 

I generally work with home owners looking for long term management, but I do work with a local broker with access to off-market deals, and he sees a lot of activity in the area.

I signed up for something on Ron LeGrand's web-site (the free access portion).

The general idea is that you must acquire an interest in real property you do not already own, and since you already own the subject real property you want to build on, the transaction must be structured so that you are creating an interest in real property you do not already own (in fact, it does not yet exist).

You’ll see the appraisal that you may have access to and what it sold for was more than inline.

Quote from @Isadore Nelson: I recently acquired a property with an existing tenant who has been living there for about four years.

How'd you acquire this property are selling?