I just want to be extra conservative on the numbers.

I spoke with my refinance contact that I have worked with in the past and I am actually considering pulling out enough cash to finish fixing these units up and maybe even a little extra for a potential down payment on another unit.

It's discussed in detail in the Bergen Record: http://www.northjersey.com/news/property-tax-cap-growing-weaker-across-north-jersey-more-towns-than-ever-exceed-2-limit-1.1526980

I think it peeved me more that it was not disclosed till just before closing and it was not even detailed what it was for.

Can you provide any details on the deal?

The extra carrying costs and high rates will suck out any profit you possibly will have.

After doing more detailed analysis, if I could get the seller to kick in another $2,000-$4,000 the deal would likely work. 

If it's only 4 years old, $175/month extra for a replacement is highly unlikely.

Other similar mindset books.The 4 Hour Workweek by Tim FerrisThink and Grow Rich by Napolean Hill80/20 Sales and Marketing by Perry MarshallBut if you are sure real estate is your thing the Bigger Pockets books and the Rich Dad Advisor series are both excellent for filling in details.

Like many houses throughout Palo Alto and Menlo Park (including Steve Jobs' home), this house was originally developed by John Brooks Boyd and famous developer Joe Eichler.This house is owned by a local investor, who is currently rehabbing it to offer it as a class A SFR.TO LEARN MORE about the project, send me a note and I'll provide you details on the date/location of the meeting.Floor plan of an Eichler Home designed by John Brooks Boyd.