It sounds like you do if you want to self manage.

The information contained in this post is not to be relied upon.

. - If you make the above clear in the listing, you will immediately get fewer applicants.

I spoke with State Farm, but they require plumbing and electrical panel upgrades just to consider reviewing my application.

She then stated that when it becomes active income it is subject to the 15.3% self-employment tax.

Self-employment tax.

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

You probably don't run many applications, so I wouldn't sweat losing a little money on each one.

I believe some of their people are likely here on the forums and can jump in, they also had a booth and sponsorship at last years BP con so if you went you may have seen them.I came across the service because I had a client who was going to self manage, and wanted me to lease the units for him, and the property was a mixed use building with his business operating out of the ground floor. 

Like Rich said, starting reading and self-educating.