First of all I am not an Attorney, so I can't give legal advice, but it would seem to me you would be able to own your own Management Company. I don't see why not, as long as you do everything you should according to the law. Get your business License, permits, and any thing else you might need to own your own management company. If you check around, I'm sure you will see that it is possible.
Happy New Year Janay.
Old West Realty Inc.