Most fail because that exact reason, there why is SELF-serving.

Also did you start out self managing the student rentals or once you acquired X amount you made the jump.

And this is my first time renting to a tenant with an ESA. 

Their concept is not new and has been around for ages with people renting rooms in college towns and more expensive markets (NYC, LA) however this is a centralized more hands off management approach to self managing by letting them do all the heavy lifting for you which allows you to scale in less time so yes the concept definitely works and even better with their technology behind it.

Generally your hours working at BP as a W-2 employee would not be part of RE professional hours unfortunately.For those who are RE professionals, gain on sale of rental real estate is still capital gains and still avoids self employment taxes just the same for those tho are not REPS so there is no downside to being a REP in the example you provided Scott. 

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

On that note, if anyone is interested in tools for self-mastery, I highly recommend exploring breathwork—it’s an incredible modality for building mental resilience and focus.

However, if you materially participate in a business or real estate activity within the LLC, the income may be classified as active, which could allow the losses to offset active income.Ex: Self-Rental: If you rent property to a business you actively run (like a business you own and operate), the rental income can be treated as active under the self-rental rule.Material Participation: Material participation is the key factor here.

I really think that the biggest pros and cons depends on YOUR goalsI self manage my properties with the help of a VA and I like that I can be hands off now that my VA is trained.

Are you self employed or work a W2 job?