Like anything else in finance, if you have no self-control this is not a good strategy. 

We consider all forms of self promotion (including any mentions of your company, website, products and services) to be advertising.

If all else fails, we'll be able to self-finance the rehab but that's not our first choice.Any advice is very appreciated! 

Hi @John D PollardThere are two companies I use.American IRA will set up a self-directed 401K with checkbook control.Quest and American IRA will both set up and handle administered 401ks.If you are strictly lending I would use American IRA with checkbook control.Our buyers pay 12% and 3.75 points to their lenders or 20% of the net profits whichever is greater.If your going to flip homes then the Aministered is the better option.

If you want to house hack, make sure to have 2 consecutive years of tax returns so you can qualify if you are self employed.

Hey everyone what is your favorite self motivational book?

I am not a CPA so I would ask this question ahead of time, but to my understanding a regular investment property does not qualify as active income even if you are self managing.

My partner and I are about to list our first STR together and we plan to self manage.

Just be aware of the FHA self sufficiency test.

@Serge VeletFlippers are responsible for paying Federal Taxes, Self-Employment Taxes, and State taxes.An accountant's goal is to make your net income as low as possible which results in the least amount of taxes.Some expenses available to flippers areHome office, Tools, Mileage, Health Insurance costs, Retirement ContributionsBest of luck