There is a lot of inventory in Jersey City, so compared to the rest of the state, there are opportunities there for good STR operators.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

For example, if you have no experience in land development - that is extremely complex and risky compared to owning NNN rentals. 

Prior to Corona, we had one of the largest emergency funds of any state (possibly largest of all states).  

This often means a smaller down payment and lower monthly payments compared to a traditional bank loan, especially since the seller may not be tied to the high interest rates banks are offering.Another option is a land loan from a local credit union or bank.

to pay out monthly rent to prior investors.

The real estate prices are relatively low, compared to the cities & more touristy areas, but the rental returns are good, with a low vacancy rate.

To make sure the project is moving in the right direction, you will compare your progress with the baseline timeline.

Because, based on prior experience, we all know that eventually the card will come up where that stock is now selling for $50, and you'll make a KILLING.

Some items to touch on while you talk to prior investors:How has the overall experience been?