Recently I have been presented with an opportunity to buy a house three blocks from the shore in Belmar New Jersey.

So i feel like I will be taking a temporary pay cut to get back almost 50% of my time.

If it is, you can look at a wide range of towns and at the prices you're talking about, you can buy a mansion on the South Shore and have money left for private schools too.

What is the general cap rate for the South Shore area? 

The easiest solution is to wait to buy, move down and rent, establish the new job and then buy but I'm wondering if there is a work around so the timing is a little smoother/I don't have to move into a temporary rental. 

We're investing in South Shore and Woodlawn, using professional PM that specializes in this area.

Get balance transfer offers, get a temporary second job, drive pizza or Uber in the evening, borrow a bit of money from a friend or relative, etc. and beat the interest and you will be good.

There are also signs of a cover up at the base of the foundation because there are new concrete blocks there to hide the foundation and a temporary drain placed nearby to prevent water from reaching the foundation.

I think the general rule is that those do not count toward you COC as they artificially inflate it temporary, and then when you actually realize the expense, they would count against it worse.

This means around the 1st of the year there is a temporary boom of unqualified renters entering the market and to make matters worse the temperature normally drops tremendously which increases the danger of frozen pipes or high utility bills (choose one or the other) insurance agents tend to frown upon vacancies...