My Dilemma

[Marc Oister]

 Im from the Philadelphia suburbs of Pottstown which boasts a dwindling economy and the 9th highest property tax in Pennsylvania an already highly taxed state for real estate investors.  I am beginning on getting into investing and am need of some bp family advice. I have been looking into a few markets, and was trying to come up with a strategy to begin investing.  I am looking to move from Pennsylvania all together within the next 3 years but feel that starting out investing home where I'm familiar with the market.  

  I am currently renting and have been looking at a property for 30k.  With about 10k of work it could appraise at around 60k.  The catch is the taxes are 4k per year, and the property will rent for 1000-1200 per month.  

  I was planning on purchasing the property and doing the rehab cash.  Afterwards I will have a decent size savings left over, and also will be able to offset the 1300 a month rent I'm currently paying.  Should I get into the property regardless of the taxes then after my rehab. Refi the property and continue with my investing, or just wait and save for another year or so to find a better property closer to philadelphia that actually would make sense on paper.

  The thing is I'm getting to the point where its now or never, and don't want to postpone investing for "the right time" with too much analyzing.