I understand it hurts to provide bad tenants money, however it will resolve the problem quicker and remove this frustration from your life, which I'm sure is worth a couple thousand dollars. 

It takes five minutes to understand how to do it.

I understand your sentiment, and it's excellent that you're starting to research.

You want to work with a professional who will understand whether the rehab that you do would be required to be capitalized and depreciated over years or eligible to be expensed in the current year.Furthermore, you live in New Jersey which has one of the more complex tax laws in the country.

If you desire to walk into someone's office nearby, that's understandable, but most things related to accounting can be accomplished the same way remotely with video call and email correspondence.We use a secure portal for all of our business and sensitive documentation. 

When I got started, I didn't understand just how significant of a part construction and construction management knowledge is in this business and in my experience anything you can learn from that perspective will pay off long-term in money saved and made on your projects.If you want it bad enough, you'll figure out a way to make it happen!

I would make sure communication to them is done in advance of this change to make sure they understand what if any tax implications this has

You don't need to know everything to get started; you need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

We understand there is a limitation on how long you are required to live in the property to keep your homestead exemption.

Personally we don't do anything more than 50% leverage and right now we are right around 20% leveraged on our entire $4mm portfolio.i don't understand how people do all these 0,10-20% leverage deals and max out with little to no cash flow but have "100 doors" we have 20 doors but they are all high quality homes.Was an intensive grind and a lot of cash but I wouldn't trade our journey for anything -14 years later were at 20% leverage on our portfolio and dropping rapidly every month