There are a lot of site-specific issues you need to investigate before deciding what the land is worth to you.

@Andrew Self there are attornies you can hire to resolve your credit issues.

(other issue was a leaky toilet we took care of, at our expense).  

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

So far, it’s going really well, and I’m glad we made the shift.For me, the decision wasn’t about issues with self-managing but more about freeing up time and mental space to focus on the next steps in our investing journey.Curious to hear others’ experiences as well!

Even the best property management companies (PMC) struggle with:- Finding reliable handyman and contractors (ServiceTechs)- Same with affordable ones- Tracking preventive maintenance- Tracking previous work for potential reoccurrence warranty coverage- Understanding tenant reported problems, so the correct ServiceTech can be dispatched- Determining if tenant is at fault for an issue & should be charged - and will proof stand up in court?

If the drywall cracks in the next year or two, or the doors start to stick, then you likely have a larger settlement issue going on, and will likely need to call a foundation repair contractor. 

The only issue is the interest rate is 7.125%.

It's usually the member/borrower's creditworthiness that is the issue and interferes with approval, not the LLC. 

@Kyler Tarr it's good you haven't had an issue but you also mentioned your property has some knob & tube.