Is it a gamble to move into one of these neighborhoods if the market crashes?

@Flavia Vangelotti forecasting appreciation is always a gamble so I view it as a bonus on my investment properties. 

Your post didn't sound like it came from a landlord with 25 years of experience, so I was pointing to the basics hoping it would motivate you to do some research.A quick Google search revealed numerous NJ banks that offer the convenience of opening accounts online.

We are in the process of finding  a HM lender to finance  a lot and spec build.We have a lot that we want to purchase and already have the plans and have built this house numerous times already.One lender is asking to have a permit issued before they move forward.

You'll encounter setbacks and face numerous rejections and criticisms.

@Kelli Powell we have 10% upcharge for all MTM leases.Regarding MTM for winter, our lease has a clause, that we remind tenants of numerous times, that if they are still in the property as of October 31, the lease shifts from MTM to they have to stay until Feb 28 - and can then go MTM again.

Plus you’re gambling since it’s not rented.3.  

Quote from @Kelcey Gamble: Most loans require you occupy for a year or two before you can rent the home.

Also, there are numerous challenges dealing with Turnkey providers:1) Terrible renovation work - we've taken over many properties that investor bought turnkey and they were shocked to learn the true condition of their property from our TakeOver video.

Remember, there are numerous deals available, and although I'm not deeply familiar with the Columbus market, I believe you can find a more favorable opportunity with a positive net return.If your primary objective is passive income, as indicated by this scenario, investing in the S&P may indeed offer a more passive approach.