We self manage our properties, but we provide maintenance work for others rentals and pretty much all the property managers around here are mediocre. 

I have personally used the BRRRR strategy over 40 tiems my self in Memphis.

I self perform most of my construction at this point and find it very difficult to make ground up construction pencil in Philadelphia unless I am selling for $400/ft.

If, a year from now, you have an extra $20k piled up because you have been serious about this, it established a bit of a track record and proves that you are a doer and not just a dreamer.I would also express gratitude that you have a partner that is so cautious.

However, we are taking over from a PM to self-manage and are inheriting the current setup.Our biggest concern is that this first communication from the tenant was a sob story asking for $500 back/off rent.

Otherwise, you will likely be copying someone else's false expectations.I have reviewed hundreds of such self-constructed logs, and most of them will not hold water.

Legal height 8ft.Had to add public access to electric disconnects as well.made me add two window in the basement too.Really just need to get an architect who is self certified.

We use self contained bathrooms on a trailer. 

Self employed is a costly endeavor.

@Andrew Steffens the pool of buyers that have six figures of cash (you really need about $150k in cash to buy a $500k STR), have some subject matter expertise, AND want to self manage is even smaller.