NJ has the highest taxes per capita in the country so high taxes are expected especially in Northern NJ.

Hi KyleThe way most real estate for sale is priced these days there’s little to no cash flow after debt service with 25% down - borrowing a down payment would put the investor in a negative monthly position. 

Whichever loan that you decide to use, the interest will be tax deductible due to interest tracing rules.

So if you have the property for a total of 10 years, moved in at year 8, little value or tax advantage.

Rules vary significantly, and you need to be aware of licensing, taxes, and any restrictions.Local Market: Analyze the STR market in your target area.

I don't think our detroit land bank sale properties with tax liens I would have to look into that. 

Unless there is a reason to submit your tax returns, you could go w2-only. 

This will be my first time filing taxes as a landlord.

Some are owned by my ROTH IRA and are making tax free cashflow.

In non-community property states a husband/wife LLC is supposed to be treated as a partnership  And transferring from a revocable trust (reported on your 1031) to a partnership LLC (that files it's own tax return) is changing the tax payer.