@Kyle McVay I self-managed my first 5 units and then transferred all new units to a PM.

As a side note, those students just closed on 300 units and are in contract negotiations for another 300+ unit deal as we speak. 

I am a rookie investor hoping to purchase my first property within the next 90 days.Kwanza Hi Kwanza,The first thing you'll need to decide is whether or not you want checkbook control of your self directed IRA. 

Had excellent success self-managing as an Airbnb in the winter months and switching to a mid-term rental the summer months.

Why even concern yourself with the legality if it’s self serving and harmful to your family member?  

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

I have a BP member client who has purchased two oceanfront units there so far and another client of mine is scheduled to close on her first one later this month. 

Why did you decide to self-manage this time instead of giving it to your property manager? 

My north side Chicago which is class A-/B+ units run on average sub 3% vacancies.

If you update to max number of conventional units, you will be able to add an ADU for each conventional unit