If the property’s in a growing area and you're confident about its potential, it could be a solid investment for the future. 

We partner with Tenant Turner and allow self showings without the hassle of trying to schedule with an agent.

As a young self-managing landlord, I feel like it makes collecting rent look and feel more "official" so I am taken seriously... and my tenant set up autopay (score!)

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

Meetups + books + podcasts are the way to go, but meetups are the most crucial to your confidence level and to know people like you do this every day.I agree with @Nathan Gesner on the heads up, when you say you are new and want help, everyone has a pitch, that's why meetups are so good - most have no pitch, just networking, unless it's run by a hard money lender.I have a couple friends who invest in the Lehigh Valley that I can connect you with when the time comes.

Actually more becuase now you are self-employed and have all of those pesky overhead costs. 

As a self-employed 1099 individual, your best route is most likely DSCR.

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

@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. 

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.