I've received numerous different feedback but would like a direct answer to make sure I understand how the process goes in transferring a RE license and Broker license to another state. 

It sounds like you will breakeven which is better than carrying a negative cash flowing property for years.

My father even brought me along to ask for private money lending at peoples homes. 005 bought my first home in Louisiana, turned into a rental and moved to Fort Worth Texas and bought my first brand new duplex in 2008.Educated myself and bought real estate investment courses and settled on Armando Montelongo‘s flip this house completed that course and bought my first 2 fix and flip in 2009 sold one in 2009I did not farewell during the housing market crash, simultaneously lost my job due to the Event Horizon oilfield disaster.My lovely wife and I now purchase real estate in San Jose Del Cabo Mexico with our cash and build with our money as well.

I'm located in Central NJ (Monmouth County) and own a property management company (PMI Inspired) that would be able to help you with your goals of investing this year. 

I believe QB Online does this too but most clients still use MileIQ.

This is my first time going non conventional.

Insurance company is making me get a UL certified central fire alarm system for this 4 unit I bought in PA. 

This amount aligns closely with your rental income after expenses, so you’d be cash-flow neutral or slightly positive.At the end of the five-year term, you could aim for a balloon payment based on the property’s future value, which should appreciate by around 4% annually.

It seems this owner put in way too much, another words over paid, for a rental. 

You’ll want them to make your deals go like clockwork.