. :) I am also working on arranging a meetup in ocean county, you can read more about it on the 'Events' section here at Bigger Pockets, or message me for more details.

I do not like the arrangement because clients find it restrictive later as circumstances change.

Lots to be said about converting passive income to active income...the upshot of it all is that the arrangement should be formalized with an entity set up as the management entity which receives management fees from the RE holding entity - in a "reasonable" amount.

Current Expenses: Total is $1,971/ month (this includes on site manager rent, water/sewer, property taxes, property insurance, two trash containers, common area lighting, and an averaged maintenance expense; this does NOT include loan payments if property were to be mortgaged as I will have to do it) Asking price is $750,000Please note that not having yet viewed the occupied units is not due to laziness or lack of due diligence; but rather it has not yet been arranged and I do know that cost will have to be calculated into my expenses.

Based on your income and living arrangements you should be saving a minimum of 50% of you income.

I expect we would arrange a business relationship where both us are benefit from it.Let me know if anyone out is interested.

If you are fine with arranging a cleaning service or doing the turnover yourself, it can be a profitable opportunity in Providence.  

I would arrange a meeting with a few banks and tell them your goals and secure some lending and save for a down payment so you are ready when a good deal presents itself.

Do you have a portfolio already lined up and arranging financing?

I'm gathering up lots of big seller financed deals out here in the Bronx and I need an attorney who can review my agreements and do quick arrangements with the seller's attorneys.