A self-directed IRA or 401k can be a great vehicle for loaning money to others without getting hit with taxes on the interest income.

I'd like to know how self-management is going for you, I've self-managed and was quite lucky with my first renter and not so lucky after!

Self management works if you are local and can separate emotion from business.

It will allow you to roll existing retirement funds into the 401k (save Roth IRA) and self direct those funds.  

Since rent range is pulling from property managers the data is cleaner, because so many self managed property investors market their property way too expensive and they will never get that rent, it is just hopes and dreams.

Quote from @Dave Chengoue: Quote from @Wale Lawal: @Dave ChengoueIt's great to see your focus on multifamily properties and your clear plan for self-management.

I'm now figuring out how to maximize the return on current properties and add value, efficient ways to self manage, etc.

@Jerry Chilimidos, I see that you are self-employed.

Why even concern yourself with the legality if it’s self serving and harmful to your family member?  

But, I was once a paid preparer and prepared or supervised the preparation of tens of thousands of tax returns and I saw some pretty stupid self prepared mistakes.