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.

Generally your hours working at BP as a W-2 employee would not be part of RE professional hours unfortunately.For those who are RE professionals, gain on sale of rental real estate is still capital gains and still avoids self employment taxes just the same for those tho are not REPS so there is no downside to being a REP in the example you provided Scott. 

That makes a bigger impact on being able to self manage rather than hire help.I don't use the lease from KeyCheck.

I find that using the tools build in to the platform apps make it pretty easy to self manage.

Also did you start out self managing the student rentals or once you acquired X amount you made the jump.

We own multiple commercial properties in our portfolio across several states (both local and not local), that we self manage, so that part I am not worried about at all.

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

There are budget-friendly self-management sites that make setting up applications and collecting rent simple and again, you can pocket that 12%.

Our attorney is very clear about what we can and can not communicate related to criminal background and that is why self-managing can be a mine field when it comes to application qualification criteria.  

Re-leveling can be done using self-leveling concrete, flooring contractors can do that and it should be quoted.