Currently I have a 5-unit commercial apartment building and a multi-use commercial property under my belt that I also self-manage.

In addition to the points others have made, I  buy with cash and self manage because:You obviously don't pay interest and origination fees, but you also aren't forced to buy property insurance, flood insurance, insurance, insurance.... you get my pointYou don't have to let a bank get all up in your business model, sign on endless fine print, and agree to pay them for decadesno one dictates what you need do or not do (possible exception - the IRS).A sole proprietor with an all cash position and self management.

For self employed do not require tax returns.

I once received as a gift a set of bits from my Dad which he claimed contained "everyone I have ever seen in my life."

For our current (self managed) vacation rental purchase in Tahoe, we maximize furniture as that expense/loss in 1 year segregation as it can be taken against our primary income.

In addition to the checklist, I would also request the following:1) background/credit check, similar to tenant screening (need advise on application to use)2) pre approval letter from bank used for refinancing3) referral from current lender and past lenders (not sure if this is typical?)

I was very excited until they filled out the application and I saw that they have two kids.

", is, for the most part, only applicable to the extremely rural portions of the state.

And for "good reasons" that would likely to put the forum asleep, one new Ohio LLC was formed to contain each of the new properties for a total of three new LLCs that are 100 percent owned subsidiaries of the parent California LLC, which files federally as a 2 person partnership with an established Fed ID #. 

Are you a self starter?