With the numbers you shared, flipping could be a solid move: buying at $465K, investing $200K in rehab, and targeting an $825K ARV.

Hi @Lake Bradford, there are some properties that are still available for rental and you can limit your search to those or you can consider buying and once you decide if you want to move elsewhere, sell the condo and take the equity/appreciation and invest in a home elsewhere. 

Hi Shelia,Yes, the coast markets are pretty fragmented when it comes to regulation.Best options for STR (in order):Lincoln CityManzanitaFlorenceRockawaySeasideIf you need local expertise, @Taj Richardson lives and breathes coastal vacation and investment real estate.

Do I need to RE- invest $750k in worth of real estate) or just the $400k of proceeds in real estate?  

it's still a bad investment, but not aweful

It's great you are enthusiastic and ready to invest, don't let analysis paralysis stop you! 

I have been investing in long-term rentals here for 20 years. 

Welcome to BiggerPockets Seif and good luck investing!

It sounds like this is a primary residence purchase if it is for your family, so that would result in a different answer than an investment property.

With that being said, there are brokerages who focus on multi-family investments and those typically will focus on Duplexes and up.