fair warning delivered. it won't be worth it unless you live there too.
not sure what the market in cape may /wildwood area is like, but i have a friend who is doing just this with 3 properties in NH(ok 1 right now, while he fixes up the other 2) and he is covering the mortgage, taxes, HOI, and property management costs, and all repairs/upkeep with airbnb and vrbo rentals. These properties are his retirement plan, rent them out to cover the cost of purchase and ownership, they appreciate in value and he sells them for more than he 'paid', except he got renters to pay for them. 'Free' (ok not really) retirement account.