As an investor myself, I'm constantly on the hunt for coastal value (hence our most recent Mexico STR and coastal Oregon since 2018) and having lived in many of the most desire-able coastal cities like Ft Lauderdale FL and Venice Beach CA, I'm convinced the Oregon Coast provides some of the strongest relative coastal value and particularly oceanfront property in the continental US. 

Some people see it as a way to get into a multifamily house at a lower downpayment and interest rate, while still providing themselves a place to live.I think the only way it would be "wrong" is if it puts you in a situation you can't afford or makes you "house poor".My husband and I rent out 4 of the bedrooms in our house plus a bonus room, meaning we have 6 roommates, but our entire mortgage is covered.

A 5 plex vs 13 plex can have considerable financing considerations.. a strategic mortgage partner will be critical to answering some upfront questions to provide a property search framework. 

Since someone clearly sees me as "whining," I'll provide further context.As I mentioned before, the property was back on the market in the following condition:"HUD has set the minimum acceptable net to HUD offer amount for this property as 269,300.00.

Any direction you can provide to locate deals, and advice on the area in general would be greatly appreciated.

On the surface, I would consider house hacking here and play the appreciation game.

Your due diligence was done late in the game.

Land Trust" for more information.The trust keeps you anonymous, and the LLC provides a legal barrier in the event the anonymity of the trust is breached and there's action taken against its trustee.

Our plan has been to establish a strong financial foundation of properties that provide very strong cash flow while capturing the high market appreciation (maximize returns while minimizing our risk).

You need STR insurance, not a homeowners policy.Don't depend on any insurance provided by a listing platform.