Good questions to start with @Kyle Jey - this gets my wheels spinning.I will self-manage and I live very close.Landscaping, snow - these are not factored in besides the maintenance percentage (5%) I listed in my post.I have no idea if the place needs rehab; all units are currently occupied and there are no images of the inside.Closing costs - hadn't thought about this; would attempt to roll into the mortgage payments - maybe $100/month extra?

Unfortunately, we've been self-employed in a non-real estate industry for a LONG time now and we couldn't document our income in a way that was sufficient for our lender - so we did a cash deal instead.I thought the equity in that property and in the home we own outright (about $256,000 in total equity) would be enough to reset the conversation for our next deal, but our lender says existing equity will always be overshadowed in our situation by documented income (or lack thereof.)  

Many people self-manage, and others hate it and make sure they have the cash flow to pay someone else to do it.

Many of the hurdles you experience in real estate (and life) will be self-imposed and are much easier removed that you may think.

Cash invested: $36,000 Self Directed IRA financing 40/2 loan for acquisition, note rate 12%Have done several private loans over the last 10 years after taking a break from rentals.

I would just learn all about a particular sector like multifamily or self-storage and try to find sponsors I like.

How do I start this and will likely do PM as a start and possibly transition to self manage later.  

Hello BiggerPockets Family,Whether you are a smaller (or larger) property management company, a self-managing multifamily developer, or a sponsor/syndicator - Property Accounting can oftentimes become a significant cost and consumer of otherwise revenue-generating time.My question is, how do you feel and what do you think about outsourcing your property accounting?

If they get defensive there are ways to respond and defuse their defensiveness with the right language.I would look for opportunities that are actually marketing seller financing - there are some in the MLS or with commercial agents.

Are you self driven and want to work for yourself and just send paperwork in?