With the vaccine is rolling out, maybe the NJ area is no longer that hot.

Vaccinations are on the rise and I'm so tired of seeing landlords getting trampled all over the place. 

Plus, the vaccine is getting rolled out which will curb the spread tremendously.

It requires pictures, vet records, vaccinations, and more so that you know what you're getting.

Then I take away 25% from the rent amount to account for the variable expenses (property mgt, vaccines, cap ex, repairs/maintenance).

Even after vaccines are rolled out and interest rates rise?

With all that said, I personally believe that some of the factors that have led to the high demand will start to not be as favorable, as interest rates (and mortgage rates) have already begun to rise (and I think they will continue to rise) and the rollout of the covid-19 vaccine could potentially at least decrease the amount of teleworking as people return to the office.

Inflation, deflation, stagflation, flatulation, forbearance, moratoriums, shutdowns, vaccines...is all just noise and (un)productive procrastination. 

@Tim Herman I went over my number again and fixed the vaccine rate along with the interested.

Now that the pandemic is getting better, I am starting to think about getting back into flipping, and I do expect to get back into it in the next 2 to 3 months (as more people get vaccinated and I feel safer to go out into the real world and interact with people).