Situation:  Triplex - currently valued at $109,000 offer price using conventional loans will deliver a 8% COC return.The owner will also look at financing it herself (no loans on the property).IF I believe the property WILL BE WORTH $132,000 10 years from now (assuming 2% appreciation)....can I offer that FUTURE price, but have her finance it for 15 years?  

Inventory has been tight but is showing signs of opening up.

Due diligence on a hard money loan is less extensive than due diligence on a conventional loan.  

@Jason Steiner if I had to do it all over again I would have maximized my conventional loans by purchasing nothing but fourplexes for my first three investment properties.

You will never get more than 75-80% loan to value on a conventional loan on a purchase as the lender lends the lesser of purchase price or appraised value. 

Here's the problem, that area is the only beachside area in Brevard with an excess of inventory.

The local market is hot for duplex sellers, there is hardly any inventory.

Conventional financing might still be an option, depending on your credit score and income, but will require at least 15% down on the purchase price and your credit score needs to be 640+. 

At least, this is the common conventional wisdom here on BP. 

You can browse inventory and list it yourself.