Very close to S&P return but s&p is less effort.  

The liability is there - held in reserve until a certain lease is 'closed.' 

Make a good connection at your home improvement store/outlet whatever it may be.

I'd love to connect with anyone who has experience in acquiring small multi-family properties (2-4 units), particularly in college towns.

Account Closed- thanks ...you should get pre approved for a hypotehtical purchase scenario for an investment property so that you can  1) educate yourself 2) get organized  3) determine if you are able to qualify 

The boss is firm with it being Wildwood Crest only, very close to the beginning of the boardwalk, and 1-2 blocks from the water.

Referalls from other investors, researching online and looking at reviews, and BiggerPockets suggested lenders are a few ways to connect with lenders.

Monitoring the booking calendar much more closely and adjusting some of the recommended prices from Pricelabs on a case by case basis.6.

I decided it was going to be too big of a hassle for when I go to sell it to actually close out the first loan and allow my new buyers to get their loan and not have title in hand. 

You could get an appraisal report before closing to secure your position.You would want to be in a first-lien position to foreclose and get paid first.