We living in Rhode Island and the market has slim pickings, there are currently 8 multi families for sale in the whole state.

Most people don't have relationships built so are just trying to learn how to invest on an island by themselves like Tom Hanks in Castaway. 

New York home sellers must make disclosures under updated law in shift away from 'buyer beware'For the past 22 years, Long Islanders selling their homes could avoid answering detailed questions about their property by giving a $500 credit to buyers.They no longer have that option starting Wednesday, when new changes to state law take effect.

As a realtor in Brooklyn and Long Island, I can promise you there are most definitely good rental properties in NY if you look in the right areas and have the correct strategy. 

One of my first big deals in this business involved a sale of a friends home on Long Island.

There is a community over there wanting to build up a boardwalk similar to New Jersey and return North Beach to it's prime (I think it had a boardwalk in 1915 before a hurricane).It has a lot of work to be done but it's in a good spot to downtown, right near the highway so easy to access and get to places all over the city whether you are going to the island for spring break or the university to visit college students it's a short drive.The area it self could be better but I think it has a lot of potential.

New granite countertops with waterfall island.

Our property is 8 minutes to Topsail Island, 45 minutes to Wilmington and 30 minutes to Camp Lejeune.

I bought them on a barrier island where there is demand and very little supply,  Their job is to appreciate.  

I've got a condo in a 3 story building in Treasure Island.