Self employed here, average $3k for prep and pay 37% effective tax rate.

This is a viable strategy as I almost did this my self.  

Big storm blew thru.  Just locking up and checking on things. Double rainbow.  Analyzing doing a new Storage location development. Just have to tighten up the numbers then I’ll post if we go forward.   Keep doing deal...

What happens at 9/1/24.. can i still raise the rent for 10/1/24 or will the contract renew it self for a year and stay the same amount?

Operating rentals costs a certain amount of money and it's really hard for low-rent properties to make enough to be self-sustainable and spin off any profit unless the owner is hands-on, self-managing, fixing things themselves etc. 

Offer to do TP's for there own self-managing but all that they want, no way, it's crazy.     

As the home sits right now it will cash flow about $100.00 to $150.00 a month if I self manage it due to tax hikes and the homestead tax credit not applying after it becomes a rental.

How it works depends on how the offering is issued (506(b) or 506(c)) , but basically the first step is self-attestation of accredited investor status.  

Someone self-managing and DIYing the design/furnishing has the potential to see the higher end of the return assuming they are a good operator; while someone who outsources the design/furnishing and management will of course see the lower end of the return as they aren't putting nearly the same amount of time into it. 

no. many folks here are ignorant, self righteous and bubble hasnt popped yet. many here think its still ok to discriminate or try repunish. many my tenants are have been felons or misdemeanors. ...1. know many who are actually innocent only self righteous dumb sheep like government types ignore reality that 25% of all convictions are bogus. see innocence project as examples.2. if do full background check on all tenants.