Was thinking of the future and also would like to purchase a house for my self in the next 5 years.

I am trying to decide if I should self manage to save the $180 a month maybe doing something like Rentredi.

Yes I've paid off entire buildings with savings by self-managing, but I delivered notices myself.

Next question: Would you self-manage or hire a property manager to oversee STR turnover?  

If you're operating out of a partnership, you're going to be subject to self-employment taxes regardless of whether you take hourly income or a percentage of the profits. 

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

I have also been working in the Self-Directed IRA/401(k) industry since 2008, so I am happy to answer any questions that you might have, thanks!

I am OK with water wells but agree that rural areas and lagoons are deal breakers.I would add “lack of sufficient affordability gap” to the list of deal breakers.  

I am self employed and recently just bought another property.

@jilliansidoti at Crowdfunding Lawyers is a great resource.Keep in mind, with units of that size, you are likely going to be self managing as it's probably too small for professional management.