Yes I can do alot of stuff around the house but why do tasks like sheetrock, paint and trim when I could easily hire those tasks out and be billing my plumbing clients to leverage my time better. 

But you can invest in a 506(b) along with other IRA investors that may lack the knowledge to perform adequate due diligence.To me, this is starting to look like black market investing for your retirement. 

Second, handling general contractors and holding them to cost, schedule, and performance.

A while ago I used to complain that I had no time and someone recommended that I wake up earlier in the morning to take care of real estate tasks such as looking for property.

Most states require a Real Estate license to perform those services while collecting fees or commissions, make sure to check the states statutes where this property is located.

Getting that done correctly is your most important task right now and give them notice could throw a wrench into it. 

Make sure to advertise in all the available channels you can find so you can perform a true test.

Perform a cash out Refi on your own home to bring you back to 25% equity in your home. 

I'm looking for performing rental properties in SAC.

5 years is a pretty short timeframe to be looking at how the different neighborhoods are going to perform.