There isn't much room for error here.Here is a link to the Duplex, its a little distressed but I think I could make the repairs and gain the sweat equity that can be found there.  

After researching ways of generating passive income i stumbled upon the amazing Bigger Pockets podcast, which brought me here. 

Or, are you looking for passive income and wealth generation?

Looked at passive investor opportunities and concluded that it does not suit my style.

Any info on capital gains tax and what that looks like in NJ?

Once I am over this hurdle and hopefully receiving some passive income, will any lenders see this passive income as a significant means of income enough to obtain a future  loan?

Once I am over this hurdle and hopefully receiving some passive income, will any lenders see this passive income as a significant means of income enough to obtain a future loan?

A terrific gain , 23K a year, but you had to wait 14 years for it to happen.

And your own personal gain in the long run..

I could use that money to transition into the bigger investments (apartment complex).I have two properties in California which do not bring me that much positive cash flow, but have gained a lot of value over the last 5 years.