We own multiple commercial properties in our portfolio across several states (both local and not local), that we self manage, so that part I am not worried about at all.

2) Do you plan on self managing or getting a property manager?

Our attorney is very clear about what we can and can not communicate related to criminal background and that is why self-managing can be a mine field when it comes to application qualification criteria.  

A lot of MTR investors use PMs but a lot also self manage as it is not nearly as time consuming as an STR.

Are you good with self managing?

We do Self storage and deal with wasp and yellow jacket nests throughout the summer.  

Hey GaryI manage about 65 units in FL and I broker for STR buyers in this market, and some do self manage.Obviously the ones who choose us for management, we can assist with all of those items, but the ones who self manage do so by building a team. 

Self directing my IRA.

Dallas-Fort Worth is a smart choice, man the growth there is off the charts, and there’s plenty of room for first-timers with the drive to go all-in.I remember helping a buddy of mine who was in a similar boat to you, he was switching from a totally different career and diving into real estate.

We had more partners (beneficiaries) on that one, and it ended up being two individuals, an LLC, and a Self Directed IRA (SDIRA), each with percentages of the whole.