Here is something I found on a home guide website...Landlord CoverageMortgage lenders want evidence that the borrower has sufficient coverage (at least equal to the mortgage loan amount) that protects the property itself against fire, wind, water damage or other named hazards that might decrease the value of the real estate.

Having self-employment activity (with or without an LLC) allows you to setup the plan as long as you do not have any full-time non-owner employees.

3) ok I’d either make my property manager be there for the maintenance items, or if you are self managing then you make the appointment and go there.  

It was sad honestly, as one of my buyers should have closed literally the best deal on the MLS in Berwyn but he overdid his reno budget and then the thing failed the self sufficiency guidelines. 

So there is an underlying relationship between your refi and the cash you'll have to reinvest to purchase at least as much as you sell.When folks are using the Brrr approach they'll try to leave enough equity in the property to be used as a sufficient down payment on their next 1031 property. 

Expenses tend to be higher long-term for lower-tier props so you'll want to self-manage to keep costs low.Good luck!

If I use a self-directed IRA to purchase a property for a BRRRR, can I refi the property using a conventional loan and pay the IRA back?

If they're really BIG lockers like 10x10.Seriously though, I'm assuming you mean Self Storage Facilities, which could have 50 units up to over 500 units.  

If so, you could consider buying it with a self directed IRA. 

Apartments, retail, office, industrial, hotel, or self storage.