I want to take advantage of growth if possible, but also want to minimize taxes and fees (penalties).

You are so right about analysis paralysis 😁Not too concerned about mechanics though I would like to learn more about how to best use CRMs (specifically freedomsoft), but also would like to learn specifics regarding forming LLC structures and tax strategies 🤔

I pay $875 (including principal, interest, taxes, and insurance) and rent it out for $1,625.

The surplus line broker shall collect the Ohio tax of five percent of the amount of the premium for the insurance policy at the time the insurance policy is delivered to the insured."

Your problem will be them incurring capital gains taxes simply so you can get a commission.

@Daniel Tanasa $1905 per month (mortgage +interest) , taxes (around 3600 per year) and insurance (1500 per year) => so 2330$ is my PITI

As someone mentioned, the only thing passive about real estate investing is the tax treatment. 

It would/could be only 15% capital gains tax and yes you could/would deduct all selling costs including commissions and transfer taxes.

3) Your $250k with 30% down => about $750k (you also need funds for closing costs, taxes, etc.)

NJ has the highest taxes per capita in the country so high taxes are expected especially in Northern NJ.