Are you looking for an "almost self directed" IRA at a custodian?

The home inspection report states that this is sufficient for each unit.What would you do?

UBIT tax will apply so consider a solo 401k instead if you are self-employed as UBIT generally does not apply to a solo 401k plan.

So naturally I'm coming back to ask you all for more advise: What are the strategies you employ to streamline your property management operations if you self-manage?

The tools on BP are probably sufficient to provide quantitative answers for you but I can tell you based upon personal experience that negative cash flow is not a good idea unless it's purposeful, specifically as a tax write-off.

What would be considered sufficient equity in a property?

From what I understand, a property manager in this space is going to run you 15-20% of gross rents (we self manage).In terms of the business itself, I'd expect lower occupancy the first year as you establish your property's reputation (stars on whatever site(s) you list on).  

I have been self employed since 1988.

They're like buying self confidence.

These are typically bedrooms without sufficient fire egress (e.g. an attic bedroom with no fire escape; a basement unit, etc).