I’ve come to think of this period of my life as my real world MBA, and view my laundromat as a fantastic starter business.

I think every market and every person have their own reasons, but here are some thoughts from a property manager.Pros for self managing / cons of PM- Keep all the revenue- You have 100% control- You own listing, photos, etc- Nobody will ever care about your investment as much as you do.Cons for self managing/ Pros for property management- This is a 24h / 7days a week business and I imagine you have at least somewhat of a life I imagine. 

They have to take it out within 10 years, add it to their regular income, and pay taxes at the highest bracket in their life.

The Shoals is a great place to settle down and take life slow.

What stage in life and in investing are you are questions I think you should ask yourself to get a clear picture.

What is the point behind having paid off real estate, if you lose it later in life to oppressive taxes?

I will give you my real life example.

(I also had to come to CA for health reasons, so I am not sure if that is an exception) - You can use that reason to excuse the amount of time you lived in it. 

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Life and business are complicated.