He's the  handyman and carpenter, as well the good cop  ;) So from what I was looking at on the IRS site if we own the sole prop as a married couple we have to file two Schedule C and both pay the self employment tax?  

I'm calculating a monthly cash flow of about $250 and if self-managed an extra $130.

It was confusing to me whether a salesperson's license was sufficient if you managed properties as an individual.

The second building is have layout of dubplex 600 + 900 sq ft, but need all the interior.What i am thinking is to turn the main building in to a 4-plex and use 1 unit for my self. the duplex would be 2 unit.

I'm starting to look at properties in a 1 hour radius (which includes Columbia, SC and Charlotte, NC), with the condition of finding a good PM, instead of self-managing them (as I currently do with my 2 rentals), but I'm still having a hard time finding good 12% cap rate deals.

I am determined to educate myself and grow every day by dedicating my self to learning.

This particular property may make sense to self-manage but having a good option will help if you want to scale up.

I own property that I self manage.  

Gives you sufficient time to check out all the features and faults of the house.

Since you are living in the building, it will be much easier to self-manage and learn the business of landlording, which really isnt that tough once you get the hang of it.