With less socialization and in-person interaction in our world today, self-managing your rental property from a distance can be stressful and a full-time job.

To have it in my name would be a dream come true for my younger self! 

Definitely low hanging fruit.So, when I see the 25% COC number, is that assuming traditional financing and self-management with cleaning fees, etc. accounted for? 

I'm familiar with the two year self-employment income averaging and I'm wondering if this would be different or essentially the same.I'm paying myself a large W-2 from my S-corp which would be good for getting approved.

I expect to be able to self-finance construction on the first 4-plex, but then need a construction loan on #2 and #3. 

I'm looking to get into/purchase self-storage and am interested in commercial. 

I’m looking to create enough passive income to be able to replace my family’s W-2 income and return to being self employed and then to create more income and create generational wealth and set it up to support my family in the future as I know they do not have the background or knowledge to operate the empire I am developing.

Possibly consider moving some retirement accounts into self directed. 4.

We self manage and have enjoyed the experience so far.

Here are the numbers:Annual total gross rent received: $800,000Annual cost of property management (10%): -$80,000First month's rent goes to property manager as finder fee: -$66,666 / 2 year lease = -$33,333Total cost of property manager: -$113,333Current annual profit; $200,000Net profit after paying property manager: $86,667I like the idea of selling some properties to 1031 exchange to a larger self-managed property like an apartment complex but I don't know how feasible it is to try and sell enough properties simultaneously to time it correctly for a 1031 exchange.