Basically, you can't STR an entire home here, or even an ADU, and can only STR out a portion of a home that you reside in.

Hi Jasmine-Congratulations on being ready to turn your primary residence into a rental.Your question is should you use a property manager or self-manage your property.If there is enough positive cashflow or you can afford to pay a property manager, I always recommend doing so for the following reasons:1.

Would appreciate honest feedback for the best way to get and stay organized!

And honestly, I am getting quite tired of people making these remarks at me when all I am doing is spewing out intelligent data with the intention to HELP you!

Depending on comfort and cash, it might be a viable option as you can build equity and then sell without having capital gains, assuming it's your primary residence and you've lived there for 2 years.

If no one but owner-occupants can STR... then that should mean opportunity for owner-occupants who STR their primary residences in many jurisdictions.- Large remodels or construction projects (Live in Flip) can be self-managed, worked on directly, and the value add, after 2 years, is largely tax free up to certain limits. - Many areas around the country allow for ADU Construction - house-hackers enjoy similar benefits to remodeling projects by being naturally on-site for ADU construction. 

Investment Info:Single-family residence other investment.

-Primary Residence. 

Do you have other collateral, such as another income property or your personal residence (last resort) your seller could record their lien against? 

There are also other ways to use money from an IRA without tax penalties such as for a primary residence or medical expense. just know what you're getting into and the best ways to avoid the tax.