. / month: $125 (not including the homestead tax exemption)Home Insurance Avg / month: $108 (I'm actually still looking for a good insurance agent who can help me with this)General maintenance/ wear and tear budget: $100Vacancy rate estimation: 10% of gross rent, or $150Property management rate: 10% of gross rent, or $150 (I'll be self managing, so I'll pay this to myself!)

I’m young and looking for deals constantly and would love to learn more from somebody with more experience then my self.

Is it legal in CT for seller who is not an attorney to represent self for a closing, and for a seller's financing loan?

Im actually glad you have some self awareness on this issue unlike a lot of people who post this question. 

A few things that I think about is do you always plan on self managing or are you just planning on selling it in 6 years?

@Gaston Ledford if it's just been remodeled and your confident in your remodels I would stick to closer to 2%.

I didn't want to depend on the stock market so I set up a self directed IRA LLC and bought 6 more rental properties here in New Braunfels Texas.

I agree with other comments that do some self learning first. 

Background: I`m trying to access some of the equity sitting in my rentals to re-invest, but my W2 income is fairly low compared to the rental and self-employment income, due to higher deductions the total taxable income and qualifying rental income is way less than my actual income.

Whatever you decide make sure you are confident in the decision.