Also, it is key that you do not manage or work yourself on that property or you could cause the IRA to blow up.

This perspective is solely from years of experience managing mobile home park funds and working with the tax experts around us.All the best,Jack

I plan to self manage, but it's good knowing a middle tier management option between self managed and full property management - without a huge PITA factor :)

We are an all in one team… Licensed agents, manage hundreds of doors, in-house maintenance (on payroll) single family and small multi family properties.  

I managed to get 1 8 unit and 1 6 unit building over the last few months and have done well with them.

House hacking will also give you some personal "property management" experience.

Is it possible to self-manage in D areas?

It seems difficult to find a good property management team for affordable percentages. 

With $1mil could probably generate $4-5K net per month comfortably with property management or minimal work self-managing. 

Thanks to the Cost Segregation Study, the property investors were able to reclassify the property components and accelerate their depreciation for a total of $356,000 in the first year.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.