If you live in Rutherford and are concerned with taxes I would look at Carlstadt. 2 families come on the market from time to time and taxes are extremely low with good transportation to the city.Let me know if you want to chat more. 

It sounds like you are bound to the 30 day + rule.Is your area close to public transportation or large companies?

For example, is it bringing people and jobs to the city, new transportation, who will your tenant base be?

If your property is in a location close to public transportation, companies, shops and restaurants though you can get any kind of corporate traveler (30 day +)

I took out all the seats and use it for transportation of tools and materials for rehabs.

I just used trulia to find the house, Bronx is the next Brooklyn or Queens man...last borough with mass transportation that's still somewhat affordable....my wife is pregnant, i can't ask her to live in a basement lol...she'll kill me...plus we need an additional bedroom for her mom when she comes over to take care the new born.... 

Good school districts, near boundaries of water, parks, other expensive neighborhoods, good job growth, universities , local cities developing the areas transportation and roads, huge commercial high end stores moving to the area, and he other things that tend to show signs of an area appreciating.

transportation?

It also includes all expenses related to the addition or improvement.IRS publication 535 says:Carrying ChargesCarrying charges include the taxes and interest you pay to carry or develop real property or to carry, transport, or install personal property.

It's not close enough or safe enough to walk around in or to easily get downtown and public transportation in Lexington is just a joke.