Quote from @Kevin Brown: Hi,We own and manage two AirBnb's. 

My excess cash flow per year is around $300k in cash, meaning theoretically I could do 6 deals, but in order to make that salary (HHI $722k) I need someone with the time to do the repairs and manage the tenants.

I'm surprised you can find a manager for 15%.

@Joey Chalhoub This decision should be read narrowly to address statutory frameworks such as MN where state law permits it to take property to satisfy real estate taxes/penalties/interest, sell it, and keep any surplus outright.

The ability to effectively self manage would depend on the scale you are trying to buy. 

My sacrifice… no haircuts and no fast food. 1 job full time, 1 full time side hustle. 0 debt at the time other than student loans.

The investors can get back to whole, it’ll just take time.  

From a tax perspective, you'll want to take what you paid for the property plus calculate the improvements you made to the property during your time of ownership.

To be honest, I’m too busy to be making this decision right now.

Quote from @Geoffrey Paugam: I suspect there are many managers there, but maybe not any good ones?