I'm confident enough that *i* could find any major defects with a house myself, and I'd accept any minor repairs that I missed, but I wouldn't be doing a survey or buying a title policy for a property I didn't own.

It may be the same or different in your area, so it would be hard to say anything with confidence (also because the size differences are large), but...If these are the best comps you can find, I would suggest taking the property(s) that are almost certainly lower value than yours, and going on the assumption that yours will comp at least as high as those, and then not assume anything additional from this data.In this case, you can assume that your property will sell for more than the 780 sf 2/1 that is both smaller and has fewer beds/baths.

I'd rather be self sufficient.As far as Hurrican Katrina, it's true that nobody starved to death.

So, its no worse than a regular W2 job.What is worse is that because you're self-employed, you have to play both halves of the Social Security taxes.

Are you that confident your private lender will give you the money?

Once he's retired, he can self-direct his 401K, and you can tell him how to make double digit returns holding notes.

If the deal goes through I'm confident I can rent all three units.

I was part of a S-Corp and found it saved me thousands in self-employment tax.

You will need education, licensing and mentoring by a licensed professional.If you would like to concentrate on hobbies, family or mowing the lawn and like being a handyman on the side, then property management may be the way to go.If too much time on your hands will boar you to tears but you want the independence of being "self-employed" then maybe it would be a good idea to look into doing real estate sales.It really depends on what you want out of your career change.

Because of this, I study and research ways to make myself stronger, more confident, more self-assured, more abundant, healthier and happier.