Here's an article with things to consider when selecting a cost segregation company.

I think a 1031 exchange wouldn't be a bad idea if you're not making much on the property, and are worried about big repairs coming up in the near future. 

@Carl TrubeWell have you confirmed the bank will let you assume the loan?

Hi Jared, welcome to the community!  

I went to Google and searched for "New Jersey purchase agreement" and came up with a lot of options, including the official REALTOR contract.

It's different coming from someone who has been around the site for a long time.

It's a cost-saving up front and lasts longer than many other choices. 

I imagine there may be steps to take with the city upfront to determine if in fact the ground on the lot can be built on, but some general guidance or tips on best place to start and what to expect throughout the new construction process in Buffalo.

How are the utilities billed?

My son will be heading up the effort.