Feel free to reach out if you have any questions!

Let him run this (self-manage) for a year or so and see how everybody feels about it then.How does that sound?

I feel like I'm missing something here, though: if @Joseph Turner gets a cash-flowing turnkey, why couldn't he take out a HELOC to at least partially finance the purchase of the IP, and then pay back the HELOC as the IP cash-flows?

If you can provide them endless value and expect nothing in return, sooner or later the concept of reciprocity will kick in and they will feel a need to help you and mentor you. 

To have your activity qualify as material participation, you must meet one of the following tests:-Work more than 500 hours in the activity (a married couple can count the involvement of both spouses to meet this test)-Do substantially all the work in the activity-Work more than 100 hours in the activity, and no one else worked more than the taxpayer (including non-owners or employees)-The activity is a significant participation activity and your total time in all significant participation activities exceeds 500 hours-You materially participated in the activity in any five of the prior ten years-You materially participated in a personal service activity for any three prior years-Based on all facts and circumstances, you participate for more than 100 hours in the activity on a regular, continuous or substantial basis during the yearPractically speaking, this means you’re doing the work on your rental properties rather than hiring a property manager.

Feel free to reach out and I can give you some insight on my experience investing here.

 It's understandable to feel conflicted about whether to use a CRM, especially when you already have a PM in place.

I feel I have asked my CPA too many questions and want to see how other people handle this.

But every page I go to I feel like I need 8 different forms.

@Justin Fox feel free to give me a call and I can share with you what I know.