Towns in New Jersey can be wildly crooked and will try to assess you for things they missed on prior renovations before you even bought the property, which technically they can do.

Since rental losses are typically passive, the best way to offset W-2 income is through Real Estate Professional Status (REPS) (750+ hours) or Short-Term Rentals (STRs) (100+ hours and more time than anyone else managing the property), which allow real estate losses, including depreciation, to offset active income.A cost segregation study accelerates depreciation, generating large upfront deductions.

As firefighters persist in battling the blazes, many residents are left assessing their financial and emotional losses.

Search for the BP podcast episode with Jude Bernard - he is very active in NYC.

It may be helpful:I can give you some general info on insuring the property:Here are some things to look for from an Insurance prospective:1.Any in-ground tanks (active or inactive)2.Any Knob & Tube or Aluminum Wiring3.If built before 1978, does the building have Lead Safe certifications4.Any wood stoves or secondary heating units.

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I would suggest picking someone with the most forum posts or the most/best reviews that way you know they are actually active!

Quote from @Allen Masry: Quote from @Chris Seveney: Do you want to be active or passive ?

I’m also an active member of the local landlord association in Joliet (JRLA), which has been a great resource for networking and education.

Cincinnati and Columbus chapters are very active here and nationally and a great resource for networking, recommended contractors/vendors and education.