What I would recommend you do is call someone who sets up self directed IRA's, those people love these. 

(nice to meet you.)what i can help with is determining how your property might perform as a rental. so let's do that.as you probably know, you need to factor in much more than mortgage / PITI. so:will you self-manage, or hire a PM? 

You could mention how you’ve noticed the property and express your appreciation for the neighborhood.

Does anyone know if this discloure is required for a self-managed rental lease where the landlord drafted their own lease and they are not a real estate broker? 

(And you expressed this reasonable concern above.

We are self financing all of the repairs and have completed 2 units after 8 months.  

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

Self Employed borrower makes good money in his/her business. 

There are plenty of investors who are in a financially strong position to self-insure their properties completely, take on much larger deductibles, or eliminate certain coverages from their policy in an effort to drive down their insurance costs. 

Personally the most effective bet is too call other local PM companies yourself because only you can truly express your concerns and maybe get better pricing.It should only take 15 mins per call.