Just for grins, our personal home was purchased in Cupertino in 1973 for 34K sold in 1997 for 305K - - you do the math.The clue here is Cupertino; located in the Silicon Valley where the hi-tech companies are co-located -- Google, Oracle, Facebook, Parc/xerox, HP, Apple and it's all located withing hours of the mountains, sea shore, fishing, hiking - - It was only pure luck that my employer moved me to a job in Palo Alto and I got to live there.That gain FORCED me into a 1031 for my MFU

Glad to also work with the bank or be the temporary end buyer if that would help!

Other properties go under contract before we've had the opportunity to view them.As someone who grew up in the area (and moved away to pursue better job opportunities) I am confident that this hot market is temporary and very, very inflated. 

I have a temporary account that I provide the information to the prospective tenants for their deposit and rent payments.

They are a good blend of solid tenant pools, lower (in the case of NJ) cost properties, and high rent rolls.Specific areas are:Winslow - In the areas the are turning around many properties pass the 1% rule and can provide stable tenants (Camden County)Glassboro - Rowan Uni all day (GC)Clementon - Good rent to price ratio and decent tenants (CC)Stockton Area - More university (AC)Folsom - Lower cost, good tenant pool (AC)Monroe Twp - Prices decreasing due to issues with school district, issue will be temporary (GC)

We've had steady tenants for a couple years now, and I'm going to be in the market for another multi-fam in central NJ soon, preferably near the jersey shore.

Should I get a temporary fix and get home warranty, is this advisable3.

The retaining walls are temporary and will need to be solidified or replaced.

I'm going to guess in places like Gulf Shores, Galveston, Destin, etc. that insuring a vacation rental properly is extremely common.

My property in question is a condo in a Sandy-damaged area on the jersey shore.