If you are utilizing a channel manager on your own, I recommend VRBO (90+ days out) for long range guests (older clientele, who typically have more time and can plan our their stays further in advance) and let ABNB (0-90 days out) bat clean up. 

The manager takes 25% (that's $15k), there's 8% residency tax (so $4.8k), $2k in annual repairs, and another $5k in utilities, yard service, and so on.

I’d consider buying a few more properties in the same location to utilize what you’ve got in place as you may get cheaper rates and better service by having more than one property with your management company.

How much money should we keep in savings for emergencies (I was thinking 7-10k minimum)I know the current rent on the unit occupied is $1200/month (2 bed 1 bath)I don't know what the sqft is of each unit but the total of both units combined is 1,682 sqftRight now I know the property doesn't have laundry in the units (we would be adding that to each unit)We also would want to add wall unit AC/Heating (save on monthly expenses as oil is expensive)I don't think there are separate meters for utilities (I assume utilities are included in rent?)

Took extra attention when writing my lease agreement and reviewing applications to find renters that behave like homeowners (require them to mow their own lawn to avoid lawn care expenses, all utilities except for sewer/trash are tenant responsibility) which has paid dividends in reducing headaches and keeping time spent on management to a minimum.

Anyone uses a RUBS (Ratio Utility Billing) Company in New Jersey for gas metering on small multi properties? 

Anyone uses a RUBS (Ratio Utility Billing) Company in New Jersey for gas metering on small multi properties?

The CPA said anything bought for the rental is all a right off as well as utilities etc. 

Purchase price: $330,000 I bought my first house at 22 right after I got out of the navy I have two roommates that pay my mortgage I pay the utilities and internet How did you find this deal and how did you negotiate it?

@Nicholas L. thanks for the response, I'm planning to consider my personal expenses + housing expenses when saving.For my housing expenses, I was going to include operating expenses such as (taxes, insurance, utilities, etc) and then the mortgage and PMI.