You and your husband can manage the property without the expense and hassle of a separate company and self employment taxes.

.  Your consumer/credit report did not contain sufficient information.  You submitted an incomplete, inaccurate, unclear, or unsigned application.  You did not provide a phone number, call back, or return our calls or emails.  You did not submit the required screening fee.  Other_____________________________________________________________.Submitted Screening Fee:  Since your submitted fee was used in the processing of your application, we regretthat we are not able to return any back to you  Since your submitted fee was not used in the processing of your application, we arereturning/refunding your payment totaling $ _________________.Federal and State guidelines limit us from giving further details other than name, address,and phone number of any consumer reporting agency resulting in denial (by contacting usbelow for a free report copy with right to dispute).

I will be self performing all the works and no subs, the project is about 2m in total, and 4 phases, it is around 500k.

Unfortunately, it's too far away for me to do the work myself and self manage and I'm not successful enough (yet) to pay others to do the work and management for me.Good luck to you!

I wouldn't have paid more than $45k for the house with cash, but the terms were worth another $10k to me.Gross Scheduled Rent $9600Vacancy 10%                  960Net Rent                          8640Insurance                          375Management                    900  (though I do self manage for now)Taxes                               1200Repairs, Capex, & misc.  1500NOI                                  $4665Principle and Int

I would take things slow and gather sufficient details about the opportunity.  

I self-manage my properties, so I would not consider that 100% "passive". 

We self manage from all over the the world. 

This is even self managing.

I have been self employed and don't prove the income necessary for a bank to loan me the money.