Overall it is still affordable and makes sense.

If you're looking for cash flow, I personally suggest checking Columbus because you can definitely find cash flowing deals here that meet the 1% rule and at affordable prices starting at $120k to $180k.

Long term appreciation on one of the last affordable beach towns in NJ How did you find this deal and how did you negotiate it?

Also, put any repairs pointed out by the inspector into the following categories (by priority)1) Health & Safety - to avoid tenant injury and potential lawsuits2) Property Preservation - to stop further costlier damages3) Government Required - city inspection repairs & S84) Marketing Negative Impact - who'll rent a house with purple bedrooms?

Then use that report as a guide to what else really needs fixing.Also, use this guide to prioritize repairs:1) Health & Safety issues2) Property Preservation3) Goverment Required (S8 and city inspections)4) Marketing negative impact5) MiscellaneousAlso, keep in mind YOU are NOT living in the home!

You are going to 3x your interest rate so more than likely your payment will go up so what you have right now is probably the most affordable and any more borrowing will just increase your payment.

Besides REI's question why they must report personal info to a crime-fighting agency when we contribute to the community with safe and affordable housing. 

My purchasing power can afford me a house down there and I also work in South Jersey (Cherry Hill) and live in central jersey.

We are cash poor and cannot afford much good land outright, but could seek spec loans if needed. 

This article today has an OPT IN which I did not do: Millennials & Gen Z want flexibility and affordability, more than a long-term commitment.