It is important to work with a local CPA as NJ has one of the more complex tax systems in the nation.There are a couple of CPA's on the platform that are based in the tri-state area.

Ask your HVAC guy to prepare your taxes.

Right now, I am thinking of turnkey out-of-state if the market continues at this pace because property taxes are so high in El Paso and rent growth has not increased with prices. 

https://www.propertana.ai/Advertising a free 14-day trial only to be redirected to a page that wants money is not good.

Figure $100 to get out there and another $100 in labor for 8 hours you should be looking at around $1000 and that’s all profit (less gas money). 

It might be easier to treat it as a full scenario with Purchase price, Down payment, Term, Prorgam, occupany, number of units/rents per door, Taxes/Insurance (Any flood, HOA) etc. 

I'm trying to figure out how to use opportunity zones to defer and minimize the tax impact.

Understand the tax implications of divesting from the properties as well as taking on seller financing.

Another option is you could get a construction/bridge loan.My sense is thebuilder wants money upfront and insurance is saying no - which is typical in commercial deals where contractor does not get paid until work is done - none of this upfront stuff except for some mobilization costs.

@Vikram Puri - CT taxes are very high, but if you are going to invest in the state, Hartford is not a terrible focus area.