Also, you must familiarize yourself with local laws and regulations regarding STRs to avoid purchasing in areas that are not STR-friendly, which could save you from legal headaches and poor investment choices.Another critical strategy is staging your home to appeal to your target guests.

The cherry on top is you are located in historically one of the higher appreciation markets.  

I asked my habitually aligned buyers agent to locate a 5 unit or more deal.

You should join local area Facebook and Meetup sites. 

I would also suggest joining you local Real Estate Investor Association, a quick Google search will pull one up in your area.

HiI am interested in investing in a property (located in New Jersey) with a few other investors.

I would look at the numbers and what you’d expect to rent for each and research the local STR market. 

I will say this price point is slow depending on location.

It’s also important to check local zoning regulations and licensing requirements, as these can vary significantly.

Hello Stephanie,I would need a little more information to give you a better scenario, such as the location in proximity to a city, is there any potential for rental.I can tell you as someone who owns cattle.