As a bonus, they generally aren't paid very well at their regular job, so they may be willing to work with you at a price that is great for them and great for you.6) You WILL learn lessons.

There is a FIBI (For Investors, By Investors) Long Beach chapter and they hold meetings regularly ...

No electric to run, these run on regular batteries.

At this point, I would say that you are speculating and your investment is too dependent on the health of the local economy which in turn, sounds like it's too dependent on oil and gas.  

The lack of restaurants and nightlife are a bit concerning, but it seems many come here to relax and enjoy the spas, not to go out and party.We would obviously have to hire a regular housekeeper, handyman, and pool guy.

I have zero bills (cars, cc, student loans etc.) other than the regular like water, electric, cable, phone, etc..  

What I mean is that it is normal for a LOC to change to a regular loan in 10 years.  

We can even do a site built addition like a regular home. 

Your tenant buyer will take on all those responsibilities just as a regular buyer, and familiarize themselves with the HOA CCnR. 

Track every income and expense you incur and/or are responsible for in report form and review them regularly with others you know and try to possibly reduce the expenses or increase income.In the beginning especially, always do this when you are looking at properties you are to buy, you do the math anaysis and try to look at the subject properties before you make an offer or at least have clause in the sales contract that allows you some time (usually 10 to 15 days) to make a detailed inspection of the subject property and possibly back out without a penalty that hurts you too bad.I found BP about 19 months ago while at home and medically recovering when I needed something that was more flexible than a typical 9 to 5 job and I was qualified for at 60.