Rhode island is big on that.

If you want an ocean feel without as much fog, rain, or commute- I like Whidbey Island.

You could still leave islands of carpet for the bedrooms.

Two of those are in a beach side barrier island location that is in high demand, and I use those two for vacation rentals. 

ReinhartThere are plenty more titles as well, including The Creature from Jeykll Island by G.

Colorado College is "land locked" and buys up property around campus and then, through a management company, rents it out.

Sure, LURA is Land Use Restriction Agreement.

Criticism is certainly welcomed, but I'm not sure how those comments give any assistance to the original poster looking for an honest opinion.You'd think someone living on an island would be a bit less cynical.

I'm from Long Island and am considering purchasing a Multi-Family in Irvington.

That movie and the book, The Creature from Jekyll Island (a book about the conception of the fed) had me feeling a bit too cynical for my taste - I'd rather remain an optimist and hire cynics down the road to research this stuff for me :) It is interesting stuff.