It is probably worth giving DIY self-management services another shot -- this way when you do go with a PM you'll have had your first experience managing it on your own, so you'll know what to look out for).

. - Asset Protection Layout A CSS Decision Diagram flowchart intended to bring together all the various questions when assessing the benefits of a Cost Segregation Study (via a professional or DIY).Let me know if you have questions or want to chat further - I can give you my investor perspective - text me at 512-368-9940 and we can talk further.PS.

If what I wrote is not clear to you or if some of my assumptions are wrong, then stop your DIY attempt and hire a tax professional.

Many DIY landlord use their own names & addresses.

How can you prevent them from DIY?

Personally not a fan of out of state BRRRR.I think it's a recipe for disaster and having been in the game for 10+ years, I've seen the disaster first hand as I bought hundreds of deals from disgruntled out of state investors who thought they can do it themselves.My property management company has doubled in 12 months also due to out of state investors getting caught with a poor property manager when trying to do it themselves from afar so they come to us for help 🤷‍♂️I'm seeing many investors buying D class crap on the MLS for too much and that needs work.They end up being into the property for 30% more than they would be that if they just bought turnkey.A true turnkey provider will find the cheapest/best deals through a variety of acquisition methods, renovate well and sell for fair market value (And manage in-house).If things go South, they are solely to blame and the penny drops with them.But with DIY, who is to blame?

@Gash Nookala the only remote DIY landlords that succeed are the ones that already know what they are doing!

Unfortunately, these programs aren't transferrable and are not offered to DIY landlords:(All in all, this PMC gives our entire industry a bad name because they didn't have you sign a Placement Only contract.

I think sometimes DIY landlords would be better served with having a property manager.

Anybody done one of these deals and gone the DIY-lending route with their LLC?