But you'd have a very hard time convincing the IRS it takes you 750 hours per year to manage three units, so this would probably work best as part of a larger portfolio as your footprint grows.It also depends on your employment situation. 

What he was referring to is - Have you been employed by the same company or been working in the same industry as a W2 employee for the past 2 years?

While I hope for a quick resolution, even the economic measures being employed are affecting everyone of us right now. 

@Yashar FredI do not give any weight to previous landlords and I have actually never called a previous landlord in 16 years of owning rental property.I want to verify employment and income, credit and criminal.

Even if you go the route of employing 1-3 contractors to bid it, you still need to provide them a SOW.

I'm not sure that I want to use that company and am considering self-managing as my child will be on-premises already.Here's the text of the Management Agreement that I think applies to my question:"The OWNER hereby employs the AGENT exclusively to rent and/or lease the property hereinafter called the ("PREMISES") located at <Lot #> known as <Address> known as the <Development Name>, upon the terms hereinafter set forth for a period of two plus (2+) years plus beginning on the 2nd day of July, <Year> and ending on the 31st day of July, <Year+2>, and thereafter will automatically new for successive two year periods, unless on or before December 31st of the preceding year of the primary management agreement expiration date or expiration date of any such renewal period, either party hereto shall notify the other in writing of an intention to terminate this agreement in which case this agreement shall be terminated at the next expiration date.

The demand I saw for single families wanting a home in the country with a rural lifestyle, yet close to employment and amenities.

You might want to try a different lender.Maybe because I haven't personally done it for my personal investments, but from what I have seen with other clients, I don't really get the allure of the FHA other than if you have poor credit and/or really need that extra 1.5% down difference to get to 3.5% instead of 5%.Good luck.

There are multiple strategies you can employ to start utilizing your capital.

I will definitely be employing many of the lessons I've learned in your books.