I am self employed but want to build a spec home using the equity in my house as collateral.

July 2022 we sold our largest and best self storage development.  

If you're a relatively new multifamily operator, you'll likely be required to hire a professional management company (inexperienced owners are typically not allowed to self manage the assets).

After years of self-managing our single-family rentals, we decided to hire a property manager to provide full service management.

They repeatedly expressed dismay and said that very few people ask for a refund. 

My basic underwriting making some standard assumptions on HOA expenses, 20% down, 7% interest rate, 30 year mortgage, utilities, supplies, and maintenance costs shows a loss of about $22k per year if you are self managing.

I am currently self employed as a GC with my own company: Carolina Premier Homes.

For example we do self storage.  

It’s worth considering self managing as a STR for depreciation benefits if the demand is there 

I expressed my objection to the rate.