Investors are likely seeing multiple offers on properties, and homes are selling relatively quickly.If you're considering investing in this area, it might be wise to act quickly when you find a property that fits your criteria.

I am sure properties on the water have lots of potential. 

@Dawn Miller You mean you own the property with no debt on it (free and clear) then you sell the property and provide a note to the buyer?  

I am currently doing property management on Cape Cod and looking for new opportunities.

So if you were in my position, how would you use creative financing to build up to 10 properties in the next 3 years and not sell stock or touch retirement? 

Purchase price: $775,000 Cash invested: $250,000 Great deal on a property people were afraid of.

I've owned my property for nearly a year and a half, and obtaining zoning and building permits has been a nightmare.

I actually worked with a client in Phoenix not too long ago who was in a similar boat...trying to transfer their loan to a buyer looking to use the property as a primary residence.

Find a property in my home market and buy and hold it. 

I wasnt even there.My insurance company took all the info and will take it from there but it looks like he may be able to get medical expenses.They said that if it was a single family he probably wouldnt get anything but because its considered commercial then he might be able to get paid.