With clever legal structures and effective operations under the guidance of an attorney, you can have this too!

LLC, in general, will provide you with the asset protection if you follow the state required statue to operate the LLCs.  

The operating costs seem high to me, and I am not sure what operating expenses are necessary when you pay a HOA fee.

I can improve the operations of the property to increase value. 

.$145,000PURCHASE PRICEPurchase Closing Costs$2,000.00Estimated Repairs$20,000.00Total Project Cost$167,000.00After Repair Value$170,000.00Down Payment$7,250.00Loan Amount$141,882.50Loan Points$4,132.50Amortized Over30 yearsLoan Interest Rate5.400%Monthly P&I$796.71Total Cash Needed$29,250.00Monthly income:Rent:$3,500.00Other:$0.00Total operating expenses:Mortgage expenses:Vacancy:$350.00Repairs:$350.00CapEx:$350.00PMI:$40.00Garbage:$20.00Insurance:$56.00Management:$350.00P&I:$796.71Property Taxes:Total Monthly Income:$3,500.00x50% for Expenses:$1,750.00Monthly Payment/Interest Payment:$796.71Total Monthly Cashflow using 50% Rule:$953.29I made conservative estimates on everything.

I’ve truly enjoyed my career in tech (sales & operations) however, I want to apply my sales skillset face-to-face (my strength) instead of over the phone.

As the general partner/operator, you can make your money through fees and sweat equity. 

Eddy from Lutz Fl,new to BP.Looking to investing in real estate ,buy and hold mindset,positive cash flow and looking for a great deal of participation in the BP forum.Own and operate an assisted living facility 6 beds and looking 4ward to transitioning to real estate investing full time.

If they're smaller operations and don't have this readily available, maybe you can get copies of their historical rent rolls and create it yourself. 

When you form a Partnership the best type keeps you in control and makes all Partners involvement and ownership variable.When you purchase them, at least 32 units will enable you to hire a Property Management Company and do the daily operations.