My thought is that if the IRS audits me, I'm perfectly capable of showing how "Joe Smith" paid my venmo $1K, I transferred it to my personal account, I also have a lease agreement identifying that $1K and Joe Smith's name.

Any capable person can follow a map. 

You have several options, and the choice depends on your goals and financial capabilities.

Get  a good property management company with rehab capabilities to get numbers that pencil out for success. 

Basically, I'm planning to self-manage until my portfolio grows beyond my capability to do so.

That's how he runs a good (performing) ship so to speak.  

Plus (*mini Tangent Alert*) is the Federal Reserve even capable of steering the economy with interest rates?

A few things I learned with ship lap. 1. 1 x 8 only covers 6.5 inches.2.

Golf course was offered by county to capable developers How did you finance this deal?

While I am capable of holding onto a property like this, I fear for the newbies who have very real risks of not being able to hold onto the property long enough to get out from underwater.Because the buyer of this property is likely to be inexperienced and not know or think through all of the items discussed here, this strategy may put you in a ridiculous position of power for at least the next decade over the buyer.