You should include this expense, even if you plan to self manage in the beginning.

@Chase Louderback @Greg Dickerson my list is specifically for quadplex's so what do you both think about the chances that they're owner occupied (75% of the list based on the physical vs mailing address) and distressed landlords that are sick and tired of their situation whether they're self managing or tired of being landlords?

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.There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guidesThe site has quite a few tools that can be helpful for new members.

Is it very complicated to buy an rental property with self directed IRA? 

Is it a must to go through a title company or can I self close.

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.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides

We have something called an "inspection period" where the Buyers have the right to conduct any number of due diligence actions (conduct the necessary inspections, collect paperwork, feasibility, collect bids) to make sure the property is sufficient in quality, condition and use of the Buyer's intended use. 

I should add that my impression is that rental income would be like self-employed income and not included in the DTI calculation.

Hi,  I am looking to convert my IRA into a self directed IRA and invest in a Rental (s) in South Florida.

Hopefully I can one day become self employed and make REI my main source of income.