in my market, if a Renter had good credit, they would buy, not rent. the FICO Model id kinda crap in mu opinion anyway. in an Ideal world I would love to rent to 800 Credit score tenants, but I just dont see too many of them in apartments, if high score people are renting, it probably temporary till they find the house they want. if its an issue for you set a standard written  in your screening process that sets a standard, maybe with a higher security deposit. 

Hoboken are all professionals working in NYC, and JC is becoming a professional town of people working at the city.When you move west of the shore you will find the ghettos/projects where crime exists because of drugs and low income families being pushed out slowly.  

If you must put money into a saving account, maybe look into a high-yield saving account or a money market account to temporary park your money before purchasing a property.1.

I have been to many places up and down the Jersey shore.  

The one thing I like a lot about South Amboy is that it has the train station right there that takes you into the city or down the shore.

I wonder if your triplex is located in Silver Springs Shores as the Multi Fam I’m looking at is in that area.  

So 1.5% would seem high but as indicated there are many variables that go into determining the insurance costs.10 years ago I had a property that had insurance cost of ~1% of value (on the ocean in Gulf Shores, Alabama). 

I use hospitable here at the Jersey Shore and it seems to be the best for the price point.

I get a good mix of guests visiting family, work-related travel, and guests who need temporary housing while making a move to Houston 

Employers looking for temporary housing for employees will lease them.