Recovering capital expenditures into the property, which gets redeemed, can be a little hairy at times but if you can prove the injection properly, the county will include those monies.

New Jersey is not inexpensive in either of those two areas, so there is a couple thousand annually that you will have to inject.

IRR is useful when you have an investment that requires irregular injections of cash or produces irregular returns.

By setting a closing date correctly you can get the month's rents as a cash injection shortly after closing. 

If you’ve missed The 1031 window your next move should be to look into opportunity zones but you will have to inject move to upgrade the property in most cases.

I feel that an injection of cash like this could definitely open up a lot of doors for me to scale up quicker. 

It's like when a foundation has cracks repaired with the injections.

I did this at a much further distance when I was based in Singapore, about 2x the distance away vs your location.I think the key item you need to be prepared for is committing to a long term investment, understanding that it will take time to iron things out and be prepared to inject that time and cash into the investment.

If the inspection reveals no other problems due to that crack, you'll want, at the very least, to fill it in by injecting with epoxy or grout to keep water out. 

As for now, we have our hands full putting some sweat equity into the duplex and continue to look for additional properties to buy, whether it's a buy and hold in Norfolk or a flip in Virginia Beach for a cash injection.