If not, I would go closer to water, but not on top of it.

We have "squatters rights" aka adverse possession laws but it's really difficult to meet the legal requirements for that: the squatter must live in the property as if it's their own for 18 years, paying property taxes, making improvements etc. and it must be open and hostile/ against the true owners wishes for the full 18 years continuously to be able to make that claim.

Understand your tax obligations and fees to stay ahead of the game.Choosing the Right SDIRA SherpaYour SDIRA journey requires a reliable guide.

I look at the BP video taking about the 50% rule and that is completely blown out of the water with newer construction

I want to offer in the ball park of $370,00o to test waters have them meet me in the middle around 390,000 with a fixed rate 30 year 6.75%.

I would.I require gross income 3x monthly rent.

They can also assist with general design requirements that various NNN retailers will want to see inside their spaces that, if known in advance, can save tens of thousands in redesign and develop costs.Good luck and send me a connection request if you want to discuss this more! 

Just a FWIW some states require your home address when you have an LLC.. cant get around it.

However, be careful in buying a cheaper property, as section 8 has very strict requirements regarding the condition of the home, and they do regular inspections to make sure you are keeping up with their requirements.

Some may charge extra for an S8 lease due to all the extra paperwork and chasing required with caseworkers.