You will need to go after a strategy that has potential to work or do a house hack. 

So if you have the property for a total of 10 years, moved in at year 8, little value or tax advantage.

I'm overall neutral on the program and never intentionally go after JUST section 8 tenants.Anyway, there's a ton to unpack here about S8 and Detroit in general.Happy to share some resources if you'd like. 

After all, many buyers are buying renovated homes anyway.

Sellers can avoid paying transfer taxes to the county, while buyers are spared from facing significant property tax increases.However, it's important to note that lenders typically only approve these loans for properties with five or more units.

This is day to day spending, rent collection, tax/utility payments etc. (1) account for all security deposits, (1) account for parachute fund, capex items etc.

They remit the taxes.

Wherever you took your broker's class you should have ample study materials.If you are talking about your real estate agent's license in NJ (that is not a broker's license), you need to take the initial class at an accredited agency and they will give you all of the materials after you finish the 75 hours for the test. 

Since you're looking to expand into Florida and other states, I'd recommend starting by narrowing down your focus:Market Research – Florida has great opportunities, but each state and city has different laws, taxes, and demand drivers.

After reading one of Brandon Turners books, I would like to invest into a house hack for my first deal.