Brandon Turner was a big proponent of "no money down" (which, in his defense, did not ever mean no money at all) and i think the market changes in the last 5 years still have not been internalized. 

@Michael Smythe speaking as both someone who owns rental properties that we self-manage, and a manager for other owners, I think' you'd have a tough time going after the property management company. 

Most fail because that exact reason, there why is SELF-serving.

As was noted, you don’t have enough equity in #3 to tap, so it’s just a financial self-supporting carry.

NSPIRE will be used for all HUD funded housing programs.With NSPIRE, inspectors for HUD-assisted and HUD-insured housing will be able to conduct objective, defensible, and consistent assessments to evaluate housing conditions.

That makes a bigger impact on being able to self manage rather than hire help.I don't use the lease from KeyCheck.

I find that using the tools build in to the platform apps make it pretty easy to self manage.

However, if you materially participate in a business or real estate activity within the LLC, the income may be classified as active, which could allow the losses to offset active income.Ex: Self-Rental: If you rent property to a business you actively run (like a business you own and operate), the rental income can be treated as active under the self-rental rule.Material Participation: Material participation is the key factor here.

Generally your hours working at BP as a W-2 employee would not be part of RE professional hours unfortunately.For those who are RE professionals, gain on sale of rental real estate is still capital gains and still avoids self employment taxes just the same for those tho are not REPS so there is no downside to being a REP in the example you provided Scott. 

There are budget-friendly self-management sites that make setting up applications and collecting rent simple and again, you can pocket that 12%.