I'd also suggest self-managing your first property to maximize cash flow and learn by doing for any future investments.

Is in there, but a great thing you can do now is get your "core 4" figured out - agent/lender/manager/contractor - obviously you can adjust this and do one of the pieces yourself (self-manage for example) or don't need a contractor if you do only turnkey etc but getting this nailed down early is key

I've helped self-managing investors find good property management after disastrous DIY experiences, and I've helped investors with terrible property management find qualified and reputable companies.

For example, I recently made a loan to a house flipper, partnering with my self-directed 401(k) and Health Savings Account (HSA).

Yes, people see the low price tag on these self-service options (there are a few more being marketed here, not going to put them on blast) and ignore CPA guidance to go with in person option and it is now coming back to haunt them.

A lot of investors who succeed in EC know the tenant base very well and a lot of them self manage.

If you live in Vegas and can self-manage the property, I'd likely recommend sticking to the market you know and have succeeded in.

I am thinking about purchasing land for the intention of using it as a RV & Boat Self Storage.

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

I have found it much easer to handle small things my self.