Many investors think it's easy to DIY manage and avoid paying a PMC - until something like this proves they either don't have the time or don't have the experience to self-manage.

Would be called a joint venture .

I am risk averse and if I were to purchase, I would tear down to the studs and do a full rehab {this would include getting rid of asbestos shingles and insulation).1) I have done a ton of research and it appears as if getting rid of asbestos is very DIY able assuming you spend money on the safety equipment and use it properly. 

Rather, it will be considered earned income... and if you have losses especially the first year with a bunch of start up costs and depreciation... and if your money is at risk (let's assume Yes), then this business venture can offset (or add) to your W-2 income.This is how short-term rental loophole works.

Are you a DIY Landlord?

As I venture into transforming a historic school into a daycare and cultural hub, I've come to appreciate the crucial role of non-profits and endowments in driving both social change and economic growth.Behind every successful non-profit lies a strategic investment framework.

Or you can DIY from Facebook marketplace, Craigslist, thrift stores and furniture stores.But is there anyone you can pay to help you DIY, to take advantage of local offerings and your own labor, while still not doing it wholly on your own?

@Chad Douglas are you DIY or hiring PMC?

Congrats on your house-flipping venture!

I am a repeat founder and data nerd who is eager to build a new venture in the investing/data space.I was hoping some (or many) of you would be comfortable sharing pains in investing that you wish went away.You know, things that are so frustrating that you'd pay to have them stop.