In Oceanside, New non-hosted STRs are prohibited outside of the Coastal Zone as of February 10, 2024.Most HOA's do not allow rentals less than 30 days so that is likely not an option unless you find a couple of places on the water that allow it but usually tough to find below $1M. 

Thanks to this community as always.Dang that’s a tough one.

I went deeper into his educational material and found one of his courses, but it was $750.

This market has a lot of large families and therefore 5-6 bedroom rentals are in demand and tough to find.

These will eat away at any "cashflow" you may have.2.Tenant Issues: Properties in certain areas may face challenges with tenant behavior, making it tough to maintain the house long-term.

Quote from @Kevin Robert Highgate: The ability to invest in property and replace your W2 income quickly is tough.

The tough part about New Jersey is that it is very competitive and very tight on inventory right now.

I would say it's more of a scam to offer a seller <70% on a property that needs $5k in material repairs  and flip it for 125% without stepping foot in the property.

Tough one to answer as it depends if this is a $1M property or $100k property.

That is a tough question to answer.In our case we get the most compliments on the lake and our kitchen.