Here's why:Advantages:Predictable Cash Flow: Tenants are responsible for most of the expenses, including property taxes, insurance, and maintenance.

.), lower property taxes, and many would argue that there is more to do in BK compared to Queens.That said, both boroughs can offer what you're looking for but if I were you I'd start searching in Brooklyn then branch out for more options if you don't like what you see.3.

My monthly HH income is 16k USD after tax.After looking at multiple properties and calculating the overall net income it is quite difficult to come to a net positive cashflow (taking into account Mortgage payment, HOA, property taxes, insurance, rental taxes). 

.- We have taxes skyrocketing.- Cap rates are still lower than interest rates.

Strong job growth, landlord friendly, low property taxes, cash flow opportunities, and proximity to one of the wealthiest areas in the world (Silicon Valley).

My situation is that I wonder if I can use being a real estate agent as a strategy to save on taxes by creating a solo 401k.

NJ is expensive, especially the taxes. 

Yes, you get depreciation and tax write offs.

What taxes will we need to pay besides the capital gains tax? 

Unfortunately the barrier for entry into a lower-end home is about $1 million now, and property taxes are low (likely less than $5k).I currently have a financed home with about ~250k in equity (2% interest rate), and we have about ~220k in cash.