But also this could very well leave you deciding to move from older to newer properties where the risk of capital expense is much less. 

You should be able to do an average kitchen for $2500 or less (installed) but that means new cabinets as well.

I own multiple rentals in Elizabeth, NJ but I was just offered a property in Harrison, NJ, I am not familiar with the area so I am looking on some insights on the area weather its worth investing in or not, especially that properties seem more expensive than Elizabeth.

Tell me the other info and I can tell you how to deduct their home, property tax, house insurance and even expense their garden shovel and garden gloves.  

There’s going to be a lot more expenses - especially in older properties or ones poorly rehabbed. 

This often only makes sense on more expensive properties like an STR vs. entry level LTR.

It was important for me to know that this unit would cover the expenses for the whole property at market rent while we were living there.

I can say I had 50 k in rental income expenses of 45 k and only made 5 k easy right. 

To ensure that the title is insurable, the seller will need to take necessary actions, at their own expense, to deliver insurable title.

Don't underestimate how difficult, stressful, and expensive it is to take on a BRRRR property.