I currently house hack in Chicago, however, going from that to STRs where I cannot self manage is a different ball game and just wanting to pick peoples brains who are doing what I'm interested in doing.  

My wife and I only have <5 properties we are self managing.

So for a self-managed investment project, our gross profit is around $4690 a month.

Or keep building and retire your self sooner.  

And person A had defense of "it was not on our property.

Perhaps I make 5-10% if forced to sell if I’m lucky, break even at worst.2) I’m VERY glad I chose to invest in my local market (and not OOS), because I know which neighborhoods to buy in, and I also can self manage, which saves a ton of money and I am able to develop local connections, which helps me buy at a discount.

Hello, 
I have a small multi-unit rental in Adams County, Colorado.  I have a tenant that is not paying rent, and won't answer phone calls or texts, so I need to start the eviction process.  The process is new to me,...

I am self managing so that's the issue here. 

I also wouldn't be where I am today in terms of my contacts and relationships with vendors, to be in a position to self-manage confidently out of state.All that being said, if another deal with the same amount of hair on it presented itself to me today, I would pass simply because my risk profile has changed.

Must meet self sufficiency test for 3-4 units on FHA though, which alot of properties in higher cost areas do not meet.Conventional allows 5% down on 2-4 units.