Makes sense - I was pretty well-versed in the regs but when the property manager mentioned they already had the vacation rental license for Broward, my ears perked up.

I've heard about people creating Property Management businesses and billing their properties for service... which seams easier but I know that subjects me to self employment tax (but does open up other possibilities of self employed 401ks and such).

I had to take my first tenants to court for being four months late on rent, but since having a property manager, we've been able to find new tenants, that have been there for 4.5 years.

Study the markets you are targeting and find investors/agents/property managers in those areas to network with.

There are a lot of micro-skills to learn, from finding great deals to forecasting cash flow to financing to hiring and managing contractors to permits to inspections to managing tenants and property managers.

I am a 27 year old, born and raised in the metro Detroit area of Michigan, a former collegiate gymnast at EMU and Pitt, a current Manager of a CS team at a highly functional Sports Tech company, AND (most importantly) I am officially a new homeowner as of today!

I'm the Managing Broker from Premier Agent Network in CO and we're 100% commission. 

So next time your CPA saids you can use education hours, looking at financial statements(investor hours), or my favorite "managing the property manager" run for the hills.

We manage almost 700 doors with about 100 Section 8 tenants.Leverage our knowledge for your gain:)

If you are local self managing is not that difficult, you just have to have the mind for creating and following a process.