If you want to self manage your properties THIS is the work you are CHOOSING to do.

This covered all sides.Just make sure that the final payment includes a standard lien waiver just to be on the safe side.There are platforms that manage this process as well, we used LevelSet.

Let this thread to be a place for constructive, productive conversations, networking and working together to make some money and bring some positive light to this frowned upon industry in RE world.Thank you all for your insights, opinions, comments!!

The K1 could show you have ordinary income, deductions, capital gains etc depending on what the investment opportunity was and how they managed and exited the investment vehicle.

I currently own 10 units around Louisiana. 6 of the units are self managed and 4 are managed by a property management company but we actively manage the property manager.

Determine if you have the discipline to manage cash, or want to be a  landlord.  

I have a property that would be perfect for an RAL; however, I'm not interested in doing the managing.

Maintain discipline in property management and consider tax planning to maximize tax benefits.

Start by looking into the current trends, get involved with groups that focus on real estate investing, make connections with local experts like agents and people who manage properties, and tap into resources such as books, podcasts, online chats, and the local community.

. - Costs and Returns : In overly general terms the cost of doing business in Oregon, (especially on complex property types) is more manageable in Oregon in comparison to let's say...California?