My plan A for my folks will always be to hire a 3rd party, but having done this for a very long time, I know I will come across those that want to be at least a little more hands on and I want them to have an option.Thanks in advance for any suggestions.Cheers,Robert

@Jaquon MillerDepends on your long term goals but based on what you wrote, I would strongly consider refinancing

You're being a bit short sighted in a long-term game. $200/month net cash flow today is an 8% CoC return in the scenario you described.

I’m eager to expand my network and forge profitable, long-term business relationships.

Depending on the area you find a property might determine how long you live there.

We're also able to evaluate our rates, and keep pace with inflation, on a monthly and quarterly basis because of shorter term leases.Now we syndicate larger self-storage deals and work with passive investors.

You can assume any government loan as long as you meet the requirements.

Don't get into a long drawn out - knock down & move the walls type of project as a newbie.  

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $112,000

Cash invested: $30,000

Primary residence turned rental

That said if you're looking at buying or converting into a multiunit, you should be able to at least break even with 2+ units if you're looking at doing mid-term (saw your other post).