We use self contained bathrooms on a trailer. 

As a starting point: -If they work full time and make $700k a year -Don't want to or can't spend time self managing a short-term rental -Don't have a spouse who wants to take the lead on managing the rentals They are likely not going to directly reduce their taxable income with real estate year-to-year. 

For what it's worth, this condo is technically owned by the the trust established by my Self Directed IRA.Thanks!

Have you passed the tax assessment yet, or is this your first year of owning it?

Perhaps even talk to a few to see the differing opinions they have and try to assess whether one of them can help you in the way you need. 

What I don't like is seeing the removal of peoples options and freedoms to self select and engage in what they want to do. 

I am looking to speak to some people that are knowledgeable about the self-storage market in the Memphis area. 

Hi Jasmine-Congratulations on being ready to turn your primary residence into a rental.Your question is should you use a property manager or self-manage your property.If there is enough positive cashflow or you can afford to pay a property manager, I always recommend doing so for the following reasons:1.

For our second STR, we are currently researching Sherman, potentially / ideally, a less expensive duplex that we could rennovate and self manage from Dallas with workers coming to the area in mind. 

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