New investor—Jersey Shore?

[Chris Kelly]

Hi—potential new real estate investor here!  I’m excited about the opportunity, but would like some advice/ideas from this community.  My interest is investing in a vacation rental property in the Jersey Shore. Ideally would have a modest cash flow, but breakeven is acceptable to access tax and personal use benefits. My biggest concern is the ability to accomplish this since I would be relying on a few months of rent to cover the annual costs. Interested in Wildwood, NJ. $200k condo 10-15% down.  Any advice?  Any experience on vacancies during summer months?  Thank you!