Hey @Bruce Woodruff so are you thinking that you would offer spots for folks to park and enjoy or park a couple of RVs in place and rent them?

Yes several investors offer fixed second loan and heloc programs including one 100% online with no appraisal required, disbursement in 5-7 days. 

@Shane BoyleFHA is a great product for a low down payment, but costly over time due to the mortgage insurance staying on for the life of the loan, with the low down payment.

im trying to get landlord insurance and most of the insurance say no because I live on the same property.

An offer (on a difficult to sell or finance property) might look like:$875k Sales Price with $175k down.

I have offered that and they do not want to carry anything for more that two years.

I am hoping some short term rental owners and possibly locally to you will chime in and offer any information for you.

The Landlord insurance policy quotes I am receiving has a high deductible for Wind/Hail/Named Storm coverage which effectively means replacing the roof would be out of pocket for me which defeats the purpose of carrying this insurance.

Welcome @Hogan Chouinard,Memphis is a city with a strong workforce that offers low-cost entry and provides consistent cash flow to investors.

The on-island local contact doesn’t have to be a licensed real estate professional, unless he/she is also involved in real estate activities, like renting or offering to rent the property.And I've had at least one client do cost seg - if you'd like a couple referrals, you're welcome to contact me directly.