I’d love to hear from fellow self-managing landlords about the biggest lessons you’ve learned along the way—whether it’s handling difficult move outs, maintenance strategies, or unique ways to streamline day-to-day operations.

Here’s the biggest risk.  

We use private investors and offer them 20% APR, with 10% return guaranteed, paid as a balloon. 

Two of the biggest challenges I face are that I’m not very liquid at the moment, and the Seattle area is extremely expensive.

Taxes are private, 1099 are private.  

Our biggest thing is the deal has to cashflow at a 1.2X DSCR.

My biggest goal for 2024 is to be around more like-minded people.

I had never heard of such a thing.. and most private flippers dont know it either So like on our subdivisions whatever LLC we own it in that LLC also has to have a developers license .. so  If you have multple subdivision going in multiple LLC you need multiple developers licenses.. where this can stymie some folks  NOT EVERYONE can qualify for a Bond.

Some people seem to get locked in to one place they find, or a place a friend or family member is selling without really evaluating the available market.In a small town in East Texas I would think your biggest risk is a big player coming to town that can absolutely crush a smaller player. 

I would talk to a number of residential, private, and commercial lenders.