Now, it's paid off fully, worth about $65k, I self-managed it from the west coast and it's brought in over $40k in gross rents cash flowing about $800/month.

He specifically mentions ”make sure you do not provide substantial services so that you report the STR rental income on schedule E not C and so you are not subject to 15% self employment tax“

If you've had a license for eight years and don't know how to get a PM license in your state, then I would suggest you don't have sufficient knowledge or experience to take on the responsibility, particularly in a state that is very difficult to navigate. 

Ultimately these traits are saving you time and time is more important and expensive than 3-6% commission ( obviously depends on your conditions and your goals) so ask your self that question . 

Each are better suited fordifferent business strategies.You will need to personally guarantee the loan, andhave sufficient net worth and liquidity (which will again vary based on thelender and product type).

Where population growth is stagnant or falling, the current housing supply is sufficient so there is little increase in prices.

Hey Tucker,I actually self-manage my 12-door portfolio in Detroit, all while being based in California.

A yes-or-no questionIn this place known for its breakneck expansion and the new nickname “Silicon Desert,” eviction is its own thriving economy.Evictions make work for attorneys, for locksmiths, for self-storage centers, for moving companies and for government staff.

Everyone has their own “take” on every aspect of “wholesaling” covering a full range of opinions, emotions, and of course self interest.In an inflamed rhetoric environment I have previously been accused of being anti wholesaler and biased.  

How are showings handled – agent-showings, open-house showings or self-showings?