New construction and total rehabs nearby are going for $200,000+.

Is my analysis totally wrong?

@Russell Brazil  this is off the topic..but some scammer hacked @Caleb Heimsoth  @Christopher Socha  Christophers name and created an accountchristopher Socha F   then hit me up on PM as a lender.. total scammer of course..  

I grew up in Bergen County myself, but currently reside in Brooklyn.Though I can't speak much on investing in Northern NJ/NYC metro because I never really considered it, there are the obvious advantages and comfort levels associated with investing in-state as i'm sure you're familiar with.

If it is true that the total value of improvements just need to happen over the life of the hold and not within the 10 year timeframe, I think OZs are quite promising.

Also keep in mind non-rehab related costs such as holding costs (utilities, taxes, mortgage payments, etc) and selling costs (commissions - typically around 6% total, staging - if applicable, etc).

If you pay $5,000 to your accountant who will save you $15,000 on taxes, it's a totally different picture, right? 

Obviously it’s time to ask a lawyer .. 

I also have different LLCs for different apartment buildings and am wondering if I should get a different business credit card for each one, or just a total business credit card for all of them combined.

OK, I'm totally new here in Tulsa and kinda new to the real estate market.