Secondly, I'd chat with a realtor and get some recs on lenders to truly see what you're working with in terms of buying power.

Who's gonna buy them?

My goal is to buy one rental per year with price between 150k-250k for the next ten years (if i get to keep my job). 

(aside from the 1 or 2 homes that have stunning overlook views).When building out your buy box, are you all using the averages, or are you basing your min/max on the cream of the crop listing revenues, even when there aren't clear reasons as to why they are performing so much better than others?

Investment Info:Single-family residence buy & hold investment.

And what are you looking to buy, SF, 2-4 MF, or 5+ MF?

Groovy @Stephanie Medina good luck and keep us posted on your progress.These sorts of things are problems that no one really things about when buying a property and it is something that should be in their mind.

Northern New Jersey has very little land, therefore the price to buy land is too high unless you somehow get it at a great price.

We are considering stepping in and trying to buy the place, but looking for some guidance on STR and what kind of money this place can bring in. 

The VA and Fha loans have been able to do it but their strict appraisal guidelines make it tough to buy the often older homes in my market in Virginia Beach / Norfolk Area.