The comparable on Air BnB are few, but seem to be renting around $65-85/night.

With the rates where they are at the moment, compared to where they were two years ago, you will need to get significantly more rent now than in 2022 before the rates started going up. 

My market its very rare to see seller financing because people do not want to be lenders they want the cash and walk away.

Meanwhile, my lender already paid the new $2,827 premium out of my escrow.

I have a lender in first position (75% LTV) the seller will be financing (20% LTV) and I am contributing 5% LTV + closing costs.

I'd run a leveraged return calculation on your existing rentals and compare that to your current yield. depending on the cost of funds- it could really be worthwhile to use leverage wisely

If not, I would recommend purchasing as it is worth it compared to a large investment you are about to make...

House hacking in South Jersey is actually a pretty solid bet compared to other parts of New Jersey where you are guaranteed negative cash flow.

Meanwhile, my lender already paid the new $2,827 premium out of my escrow.

If anyone has any leads or contacts on lenders that specialize in land loans or FHA construction loans that would be great!