It's in small town so there won't be huge appreciation we are planning to have tour next week.

Condos were built by a lot of cheap scumbags who are long gone and people are going to be left holding the bag on these.This guy is pretty good at explaining it:  Yak Motley Florida Condos;t=4s

If you have the right location (in town or by the beach) and provide an above average property, you can do well.  

Good luck, and it’s great that you’ve built such a solid rapport with the seller!

Rent a storage unit in a nearby town, ship all items to storage unit, pay someone to then use the items to furnish the home or make a weekend trip 

One building was a 1920 house remodeled in 2012 and the second building was newly built by a contractor in 2012/2013.

I also help out of town LLs with consulting services to stay on top of their properties here. 

Purchase price: $242,500 Cash invested: $49,000 This is an older house, built well on concrete block, that is next door to multi-million dollar houses on the water.

Is there another part of town with similar numbers, neighborhood, and age of homes?

North Jersey is very town by town so tough to say more without additional details.