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.

Why would capital requirements be any less than traditional development? 

Self-managing isn't for everyone, and I respect that it worked better for you.

Recently Trump has announced the nomination of Scott Turner to be the new Secretary of the Dept of Housing and Urban Development, HUD.

Solution: You are not going to like what I am going to say here, but it really comes down to your self-discipline, which is why this is probably the hardest aspect of achieving your goals.

Thanks for the suggestion. to answer yours, I’m hoping to start with acquiring, then eventually development.

The last one we paid cash for and self-funded the improvements too.

I’m self managing myself but the tax side of it is a little confusing to me but I’m recording everything involved as far as maintenance, traveling, expenses etc. just want to know what some people would do in my situation or what to I can benefit from come tax season  @Angelo LlamasI recommend that you find a real estate accountant to help you understand and prepare your taxes.Bigger Pockets is a great place to find a real estate tax accountant. 

@Arif GungorurMake sure you check any HOA or development restrictions.

Good morning,I’ve owned a MF in Euclid, Ohio for a few years but just recently started to self-manage it.