Trying to see if I can figure out what works for me.By the time I have money to buy I think I will be confident on buying right.

Hi All - my partner and I own and self manage 26 units in Fall River, MA.

I’m confident in my ability to do a lot of the work on the house If need be however I don’t own all the proper tools to do so and there is stIll a lot of steps that go into flipping I don’t have experience in (I.e. tile, flooring, sheet rock) due to previous jobs I have relationships with a large multitude of contractors, electricians, plumbers, carpenters etc I don’t have a specific house picked out at the moment however I do have several target neighborhoods I’ve been keeping an eye on.

The only way to sidestep it is not to self manage, and hire a PM with his own E&O insurance, and he's responsible to get someone to cleanup the snow.

Go to KC like to the rest of us haha and bonus points for self manage.

Hi,    I have an LLC I can run income through, in years past I have never "paid" myself a management fee for self managing our rental properties as I had never wanted to pay the additional self employment tax. 

I was getting eaten alive in interest.But it gets worse, I was self funding my wedding and honeymoon so I put that on credit as well. 

Also, unless you can do plumbing work yourself, it will almost be a given for a rental like that one that some plumbing work needs to be done, so you should account for that in your repair estimates.If you feel confident you have the requisite life experience to manage low-income tenants, I'm okay with the neighborhood. 

Also, New Construction is HOT in my market and feel very confident I can manage a project like that with my background.

In my case, it's DIY, self-managing low-income single-family in C/D areas.