I'm self employed since 2014.  

I self manage 7 units on the south side so my perspective…1.

Ideally, I would like to split the total revenue 60-40 in my favor because I would be doing all the self management duties of an STR.  

If I would have started with the boots on the ground 1st I would have saved my self tons of time. 

Also, the benefit for me is that when I'm in Texas working on my self storage items, I could stay there (and my son loves the pool). 

You’ll find plenty of friendly, knowledgeable people willing to respond to your posts.I really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides

It isn't for everyone, people who don't know what they are doing can get in trouble and may get taken by an experienced realtor but with the license you are essentially an agent for your self only. 

For vacancy most of my clients average around 3% if you self manage and start marketing the unit 2 months before a tenant leaves.

I want to create an LLC syndicate to purchase a residential property, and want to allow Self-Directed IRA participants looking for alternative investments.

I want to create an LLC syndicate to purchase a residential property, and want to allow Self-Directed IRA participants looking for alternative investments.