I have a small portfolio and self-manage and intend to grow steadily over the next 20 years and then retire.  

For those of you managing your own property, what supporting documents besides tax returns do you ask for when your applicant is self-employed?

From our experience, many new landlords always consider self-management.

I'm 45 and late to the game but I am biased toward action, very self-disciplined, and highly motivated to build a better future.

Understand the concept of delayed Gratification.For example, you saved $ 100K, you can burn the money in a single day on big wedding or an expensive car or you can use to buy a house that will appreciate a lot in the future.8 Invest in Real estateWhy real estate, 80% of self-made millionaires are made in real estate.

This is a great forum with very knowledgeable members that will help to guide you in the right direction.I really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides

Hello JohnThere is so much potential and i believe real estate is local.An educated and skilled investor can capitalize irregardless of geographySo more to self-education and collaboration

Perfect example of someone who doesn't need to be self-managing.

Grew up in the area and both self-manage at distance as well as have some under local management.

I think if I was self managing, I would default to an LLC, but for this passive/hands off setup, is the protection that much more substantial?