With 25 percent down and self managing the property myself number look like this Rent 1750vacancy 87$ or 5 % insurance 718 $ sfarm Ptax 4500$ maintenance 2 % its a 2019 built home hopefully not to many issues cap ex 2%Hoa fees 38$ per month loan payment $1025 ( prinicipal and interest) Cash Flow should about 100$ from day 1.

We bought our first short term rental a few years ago and self manage.

Cash, Self Directed IRAs, etc.

If you make a profit the income is not subject to self employment tax.Everything else requires a separate business tax return. 

If you have time, source your leads your self; drive the area you invest in and look for distressed homes, door knock on the foreclosure list, use door hangers when you see a home you really want.

possibly roll it into a self directed retirement account that allows real estate investments. 

This doesn't include PM as we self-manage (we plan to hire a PM once we hit our desired scale)- Cash flow of $2k- Break even occupancy (i.e. 

Opened a HELOC on our primary to self fund our first investment in 2019.

We switched to being treated as an S-Corp for tax purposes around 5 years ago (later than we should have) and it was a really good choice, self-employment tax was trouncing us before that.

Ideally look for a Realtor that is also a property manager (even if you decide later to self manage).