Looking at REITs, farmland, maybe buying land at auction. 

Hopefully the reasons are obvious.I've already outlined the type of deal I'd buy if buying in the Midwest today.

Anyone have any experience with buy and hold multi family properties in Watertown NY (or even the surrounding areas of Clayton NY and Thousand Islands)? 

So, when you buy the tax lien, you do not own the property.

So my cautionary tale is when buying seller financed paper, make sure you are very in tune to the value of the property.PS: Even if this started out as performing, same concept applies - make sure you know the numbers/values of the property.

You could buy it out or increase the rate to reduce the years, but it will result in a much more costlier loan. 

Anything you buy here will appreciate like crazy within the next few years. 

I currently have a solid base of liquid assets and am looking to diversify my investments.I own two fully paid-off single-family homes in Tampa and am currently considering buying a luxury condo in Hallandale Beach for $600K.

I think finding an investor friendly agent can help you spot hidden gems like that and submit offers on your behalf that fit your buy criteria.

Can you 1031 a duplex (long term rental currently) or multiple duplexes to invest in a beach front property and use it as a short term rental? Any help is appreciated, thanks!