With no mention of price, location, rent etc.....

Focus on location: Look for properties near colleges or hospitals—they tend to bring consistent, reliable renters. 2.

Quote from @Brandon Vukelich:If you buy a vacation rental in Hawaii, then you're tied to that location.

@Landon Sheveland  don't think your renovations will overcome a bad location. 

Unless you have discovered some hidden jewel, the traditional second home locations have all turned stale.

Central location works best like you want.

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I've hired social media experts (a little different) that work under a similar structure and it's been working great.Not to mention team off-sites if you guys are located in the same area also help a ton.

Where are you located in New Jersey? 

It’s such a great resource for learning and connecting with like-minded investors. where is your property located?