Purpose of this post is to reach out to others who are dealing with similar challenges and attend either Monmouth or Ocean County Auctions.

I live in New Jersey, in Ocean county and spend most of my time near my job in mercer county.

I'm not a fan of the leased land at Ocean Lakes either.

The network storage is on the opposite side (EMC) and it is so awesome with the blue lights.

Worked with Jonathan Smith with Blue Chariot Realty

Do you take the red or blue pill?

This will promote both cracking and the plaster pulling away from the lath.While a to-the-studs gut is the ultimate remedy, it is a filthy, filthy job - obviously the unit will need to be vacant and tenants in neighbouring units will still experience some dust.One other point, if the property is towards the end of the lath-n-plaster era (or the blue board and plaster era) ... ie. the 1930s - 1940s, you may want to have the plaster tested for asbestos content before undertaking a renovation.

For every person that jumped in the ocean and swam, I'm sure there are many others who drowned and were left in ruins.  

Its proximity to Ocean City is a plus.

An outdated floorplan along with things like the blue carpeting are going to really limit your tenant pool here.