Because you are self servicing your loans most are not legally compliant with consumer protection laws and CFPB requirements such as sending statements on a monthly basis that have all the language the CFPB requires as well as each state may have additional requirements for sending out just a simple statement.

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

In new Self storage we use when we start to market and rent.  

Typically they are not eligible for traditional financing which implies other funding sources (HML, private Monet, self funded, etc).  

I believe that self-managing your property and maintaining detailed records is the only true way to demonstrate your material participation and safeguard your tax savings.

We are not new to managing short term rentals, my fellow partners self manage their own STRs.

Your future self will thank you.

My only fear is that they are trying to encompass any type of real estate whether it be trailer park, self storage, or long term rental.

Here's a recent book we published for self-managing landlords: https://store.biggerpockets.com/products/self-managing-landl...

This kind of stuff should only happen when you self-manage (or maybe hire someone who’s primarily a real estate agent not an PM.) and would be a good example of why I don’t.