We have several people interested in buying the property for what it is now worth and we are tempted to let it go and start fresh with a better cash position on the next one ( our BRRRR strategy is still within budget but all the $ into it is borrowed basically but long term loans that we can manage) My question is calculating capital gains tax in NJ to put into #s what the best choice would be.

Hello Kriston, have you talked to contactors and asked how much it will cost to build two brand new homes?

My wife and I are brand new to this.

Find comparable interior sqft, lot size, #BR and #BA homes to compare how the listing pictures compare to your property. 

I know that the burner in the furnace is brand new, and it does heat most of the house but not all of it.  

So I don't know if this gives me the protection that I think it does.The Pros: branding.

From the legal side (you should be talking to an attorney as well), it might be smart to have him liquidate the LLC and contribute the property into a new LLC for a fresh start.If you buy into his LLC, you're buying into potential unknown off balance sheet liabilities and lawsuits.

Find a Starbucks, Home Depot or another well known brand.

Hello All Looking for insurance recommendation, Property Manager, CPA who knows real estate in the area and whatever we can think of for brand new first purchase for rental/BRRR property.

As brand new investors.