This is why it can pay to have a tax pro who keeps up on all the changes annually. 

The annual taxes seem low. 

(e.g. contiguous)- Comprised of 4 parcels:P1 - 70 acres with 2250sqft 200yo house and 20yo barn.P2 - 35 acres with under conservation easement.P3 - 5 acre minor sub division home lotP4 - 5 acre minor sub division home lotSITUATION- Seller is 70yo and retiring in 2019- Seller has heIrs who are absent and uninterested in owning the property (will eventually sell inheritance)- Seller is a frIend and neighbor of the famIly- Seller (and our famIly) have preservation/non-development hopes for land in the neIghborhoodOUTCOMESFor the Sellers:- Immediate cash lump sum (property needs some work)- "Guaranteed" monthly/annual payments for deal term- Retain ownership and occupancy of real estate until they vacate- Seller retains ownership if buyer defaults- Continuity of neighborhood legacyFor the Buyers (us):- Acquire property rights- Fixed sale price- Known caretaker/occupant- Continuity of neighborhood legacyDEAL OPTIONS- $450-500k sale price- 10% down- 20 year term- 0% Interest- Land ContractThis seems like a good option to consider in terms of managing tax impacts to both parties, but at the cost of fewer “ownership rights” for both parties.- Seller FinancingThis seems like a good option to consider in terms of better “ownership rights” for both parties, but at the cost of trickier tax implications.

Does anyone know how much I could expect to increase rents on a 1 bedroom condo in Jersey City each year? I know there’s no guarantee and it depends on the market, but I’m just trying to get an idea on how my cash flo...

It won't teach you anything about real estate investing and certainly nothing about flipping homes.You'll also need to spend money to obtain your license with the state, and you'll have to pay your annual dues to the local board of Realtors for access to the MLS.

We paid an annual subscription that was the  same as any other subscriber. 

This is all very situational based on your annual capital gains and W2 income.

I don't know much about out of state LLCs but in CA there's an annual $800 fee just for having an active LLC so I'm definitely trying to avoid that since this would be a pretty small project and that would be a decent chunk of cashflow.

Also got notice of the annual inspection and was able to reach her to ensure someone would be there to let the inspector in this past Monday, which was a holiday for me.

I have 10k saved up and earn about 35k annually.