Orange, South Orange are good rental areas.Newark also but you need to do your research, but with your budget star in North ward ( north broadway, forrest hills) and ironbound.. all good neighborhoodstuffThanksKunal M.

I personally like orange and pink... because yellow and white are so overdone... 

I'd like to use an available $400,000 in cash and diversify into multiple properties that have a very good cash on cash return, but living in Orange County doesn't help and even if I could, the purchase to rent ratio is just horrendous.

Be sure to check out the Orange County meetup hosted by @Clint Kreider.

I invest out of state and the due diligence questions are absolutely crucial because I can't just drive over and check on these properties.

The time of the marketing AND the time of the lease start date are both crucial.

Of course the Covid has indeed hit the fan and splattered all over the walls, so having that Plan B and even Plan C (like the furnished units you set up) is crucial. 

I have held a handful of rentals for several years, and as I have begun to formulate a plan to build my investing company, I know that the ability to capitalize on every opportunity is crucial.

Orange county, homeless everywhere.  

Apples and oranges.