I hear quite often on the BP podcast to not do your own rehab work and to not self manage.

They would rather lend money to a new investor purchasing a first rental property who has fulltime job as a bar attender and making 50k a year then to a real state investor who has a portfolio and lives off their self made income.

It sounds like you have a good plan and that you are self identifying the inefficiencies in your processes!

This looks like a great deal, my only questions would be:1) Are you self-managing the property?

With that being said, I have a good amount of money in my savings account and I want to open an IRA account (Roth or Self Directed) so I can invest in mutual funds and stocks etc.

Hi, I am a 25 year old and have a good amount of money in my savings account and I want to open an IRA account (Roth or Self Directed) so I can invest in mutual funds and stocks etc.

Even if you are self-managing, I think it's an important cost to account for in case you decide you don't want to self-manage.

Here's where a good knowledge of self-directed retirement funds comes in lotsa handy.

I have an opportunity to purchase a class A self storage facility in the Midwest that's 85% occupied for $11,200/unit. 20% of the units are climate controlled.

Almost all real estate agents are self employed and get paid 100% on commission.