Beyond immediate safety concerns, the long-term financial implications, including taxes, are a pressing issue for those impacted by the disaster.

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

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

I'm wondering if some one can help with an explanation about why a Hotel has many rooms with tax lien on auction? 

It sounds like you’re in a great position to get started—$100k saved up and a clear goal are huge advantages.

It’s definitely smart to evaluate the tax and cost implications of your funding options.

If so, there are no transfer taxes due. 

Being a real estate professional allows you to treat the income as non-passive, allowing higher high income tax payers to pay less in taxes.

If not, what are property tax sales? 

Here’s the situation:Purchase Price: $540,000Down Payment: 20%Mortgage Rate: 7.125% (30-year fixed)Monthly Expenses (Mortgage, HOA, Taxes, Insurance): $3,706Realistic Max Rent: $3,000As you can see, I’m currently short $706/month even with max rent.