Some numbers on the deal:Purchase price: $380,000Expected monthly income: $2,500Expected expenses: $2,285Cash flow (after all expenses): $215CoC ROI: 16%I plan to self-manage the property until I acquire more properties in the area. 

Keep up the great work self educating.

So my grandfather's Self Directed IRA has a few mortgages on properties throughout the state of Florida and he suggested to me that I try to transfer or liquidate the notes sooner rather than later.

His business is a Pet supply/Dog Grooming/Self-Dog-Wash business. 

If you’re self-employed like a lot of real estate investors and don’t have the standard tax return then maybe you could find a stated income lender.

Self Service versus on site management. 

@Sarah BridgesShort term rentals are going to be your best return in the area, you might have to put in more work up front setting up a reliable cleaning crew and handyman, but after that things become pretty automated.I always recommend self managing as well.

Hey Bigger Pockets, back in April I switched from a W2 job I had for 5 years to self employment.

It’s a little different if it’s a 6 unit and you want to self-manage or a 30 unit and you also want to self manage.

And if you buy into bad tenants that next burnt-out landlord might be you.Reviewing financials was mentioned, and one thing to add there:  if the property was self-managed and they don't show as paying themselves for the management, that will throw the numbers off.