Hey FarhanIncentives available in New Jersey: SREC-IIs (Solar Renewable Energy Certificates) and the federal Investment Tax Credit (ITC). 

Who gets the tax write offs, do we lose the depreciation tax breaks?

Water bills are up 50% to 100%, electric bills are up 33% and gas bills are up 30%, and of course tax bills are up and new bills for new items are created. 

While it's more work, many owners successfully manage their rentals this way and save on management fees.

The market rent puts all three together at approximately $2900 monthly.Now here are the details and costs behind the acquisition:Property taxes: $5000 yearlyInsurance estimate for all three: $3,300 yearlyC-class properties (not best location, their condition is about average - older properties)Purchase price: $250,000k$15k down and $235k seller financed at 6% interest for 30 years. 5-year PPP. 

You’re looking at turning a $500k gain from tax free to a tax bill in excess of $125k.

I am also aware of doing a 1031 at some point.My biggest question is taxes if I were to sell.

Biweekly checks after tax are $4k. 

Looking for some creative advice that hopefully minimizes the tax bite.My business partner and I own two houses free and clear in our LLC.

So does anyone have any advice on how to deal with them without having to spend thousands on legal fees?