I think they use the same script when they call people even though they changed their all inclusive model months ago.  

Sometime I find myself being too optimistic to make it look better, rather than really playing more worst case scenario.  

Trenton, Camden corridor, and some of the smaller PA towns like Allentown or Reading have better cash flow but require more boots-on-ground due diligence.For the Jersey Shore STR play, I'd actually caution you to run the numbers very conservatively.

This morning’s jobs data painted a mixed picture. Nonfarm Payrolls (NFP) came in at +50,000 vs. +70,000 expected, signaling slower job creation. The unemployment rate surprised to the downside at 4.4% vs. 4.5% expecte...

I have a renovation background, but I'm not really trying to play the value add game out the gate in markets I don't know.  

At this point I’m just building so the long term appreciation play is my key focus.

Are you lookimg for just liens to get income or planning to make it acquisition play?  

Fall and winter can definitely slow things down, especially in the Midwest, where weather plays a big role in people’s moving decisions.

I agree with the other posters that out of state might be a better play. 

The sub-$160/sqft in Exeter is definitely eye-catching - you don't see that often in coastal NH.On the historic (1700s) construction question, I've seen this play out both ways.