(Before inspections were done from the BHFDP now the new person is a local well known building inspector with years of experience and owner of his own building inspection company, he will find something if it is wrong or right and he will point you at the right direction how to fix it.)Last 10 years the rental market including hotels has only increased, we are likely to see some drop but not a full stop.Majority of tourists are coming to town within driving distance, that includes, NH, CT, MA, NJ, NYBar Harbor will have its struggles I am sure, your neighbor might hate you for having STR but with the right management you can accomplish a lot and mitigate risks.Anyhow, there are some valuable advices above and I would suggest making peace with yourself, that good management company will cost part of your income, but you may not even have to lift a finger.There is a lot to learn, but been busy making great income on your w2 is it really worth "learning another trade".So much to learn especially with the clientele we get.Building reviews the first season is very important, having a co host someone with reviews and local experience can be more valuable than any other "online non personalized service"Anybody that just red my novel, thank you!

I am using direct mail as a method to find off market deals.

Do I wait until it is rented to get it appraised and refinance it like the BRRRR method? 

And then 3rd floor was a major project since the floor was unlivable so I wasn't sure I'd have enough money and didn't want to bite off more than I could chew to start.I say all that to say, while it's most time and cost effective to renovate by the trade and get it all done at once, sometimes that's not the best for your situation.

I know it sounds generic but the experience from those 3 trades are irreplaceable. 

The first step I would recommend is to get on the same page And set the goal. from there the path probably isn't incredibly different depending on equity on the house you bought you might try and refinance and pull money out for a down payment on the next property whatever property that is.alternate methods of buying another property would be things like seller financing hard money private money or if you have the means obviously cash.But seriously the best thing I can tell you is to make sure you guys are on the same page and pushing towards the same goal If you're not it's going to be miserable

Anyone using the brrrr method in New Jersey?

For the last two years, I have led the planning and activation of over 100+ digital campaigns with goals varying from driving site traffic/conversions to general brand awareness with popular digital platforms such as The Trade Desk and Google’s DV360 & Youtube.

As to absolute costs, different trades in your area will charge within a range of price points (electricians, plumbers, drywallers, tilers, carpenters, haulers, etc.). 

The house was purchased for 203k, our remaining mortgage is 191k, and the current market estimate (although not an official appraisal) is 276k.Our goal is to accumulate properties through the BRRRR method, and as I see it, we have two avenues through which to do this:I can simply use the money in my account to BRRRR.I can pay off my rental property in Beaumont, TX, and utilize a HELOC to BRRRR.I know that most people will say that they never want to pay off a house due to the tenant paying it off for you, and the difference in percentage returns that you get based off of appreciation, tenant payoff, etc.