I don't know if this is in play for you or not... but it could also help explain the significant jump in taxes if it applies.I would start off with a call the appraiser and discuss the situation.  

David, you got played.

You're absolutely right—the location plays a significant role in determining the best style for a fence.

But you won't know until you take that first step.To use a basketball analogy, you're dreaming about playing for the NBA when you haven't even tried to play a pickup game at the Y.

One thing you might want to consider is partnering with microsoft and adding a third party app to their office 365 suite of products as they have an accounting arm and many other applications already in play that you could add on just for property management and it would work on their system to integrate everything.

Taxes won’t come into play until you sell. 

I am not an attorney and I don't play one on television.

I played professional baseball for 4 years and don't have any experience in the real estate world.

If you trust your contractor and can stay on top of the project, you might not need a property manager my understanding is the property manager is playing the contractor's role for some smaller projects, not another layer on top of the contractor. 

Are others playing the long game and hoping for appreciation or is there something I’m missing with the economics of North Jersey?