I am just wondering what should I be doing next as far as taxes, savings, investing, and reading.

But through experience, some tend to slip through the cracks as everyone's insurance requirements and anniversary  dates vary across the portfolio. 

Since the start of the year, I've read a handful of BP books:- Rental Property Investing (Brandon Turner)- How to Invest in Real Estate (Brandon Turner/Josh Dorkin)- Investing in Real Estate with No (and Low) Money Down (Brandon Turner)- BRRRR (David Greene)- Multifamily Millionaire Volume 1 (Brandon Turner/Brian Murray)- Start with Strategy (Dave Meyer), currently readingI was thinking of using the equity to BRRRR small multifamily properties and combine some concepts from both the BRRRR and Multifamily Millionaire books (specifically making cash offers via HELOC to secure distressed properties, ideally vacant to set market rents).

Read as many RE books as you can get your hands on.

So would that have any effect on taxes to be paid or its just 2nd mortgage to be paid upon closing, making capital gains less (285k mortgage+45k HELOC=330k loan-600k sales price=270k total capital gains)- I am reading that even as a FL resident selling a NJ property i have to pay 8.97% NJ state capital gains tax plus a 1% realty transfer tax.. - so to summarize: 15% federal capital gains tax, 8.97% NJ state tax, 1% realty transfer tax, depreciation recapture and whatever other costs for closing.https://www.nj.gov/treasury/taxation/documents/pdf/guides/Bu...

This experience emphasiz What made you interested in investing in this type of deal?

a) You should say where you are if you want specific advice.b) The only work-around you'll get if you sneak around any Planning Dept is a hefty fine (in my experience)

How are you planning on flipping out-of-state with no experience?

Read Beginner’s Guide to help you get started: http://www.biggerpockets.com/real-estate-investingBest of luck on your REI journey.

Let me tell you a story about a property tour that taught me some important lessons. I was a newcomer to the real estate industry and was still establishing my footing. 👀We stumbled on a property being sold directly b...