I am a licensed local property manager in the greater Asheville NC area and looking to  locate PM's in the area who may be looking to retire from the business and sell their book of business. 

This significantly increases your profit margins and allows for more reinvestment into other properties or projects.

I can show you a few projects that would get you around this kind of cash flow.

The value add on this deal is in the MANAGEMENT and OPERATIONS.

Here are some additional activities that count, toward real estate professional and material participation hours.Research market for real estate transaction opportunities; current office market rates; terms of financingMaking offer contracts for properties that you end up buyingNegotiation for acquisition of rental properties that you end up purchasing; including directing due diligence and managing financial projections/business plansObtaining financing for properties that you purchaseProperty inspectionsAdvertisingMeeting with Prospective Tenants/showing properties to prospective tenantsNegotiate, obtain, & review proposals and contracts with vendors (insurance, utilities, etc) for property servicesReview and Negotiate The Terms of Sale AgreementsStaging and Decorating3rd party contractor, vendor, or service provider supervision

This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.

Active management, however, can be seen as employment, which you might not be permitted to do.Forming an LLC: Forming an LLC itself is not typically considered employment.

The city wants to set up a time to inform me about the project.

This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.

This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.