Consult with an expert or feel free to send me a private message to talk details. 

It would just cost you the extra service fee + wire transfer fee.

.- To utilize the Mills Act requires a few things: An application (not free), inspections, and most importantly a contract with the city in which you promise to rehab and maintain the historic nature of the property.- The inspections are only 5 years, but tenants are not likely to take care of them home as well as you, and refurbishing hardwood, lath and plaster, and anything else is going to be much more expensive than the typical Landlord special (white paint, and grey LVP)It will all come down to making your numbers work.

//What is the rental market like in De Soto KS for renting property with a large home and pond//I am analyzing a deal on a property in De Soto KS. 20 + acres, newly renovated home, a pond, etc.Given the economy, De Soto KS location in relation to Kansas City, Lawrence, Lenexa, etc... does it seem likely that there are people who are willing to rent properties at a higher cost than something in the city?

What was the of the $8,000 annual bookkeeping costs between the software and the cost of the bookkeeper?

It helps absorb the cost of your payment and gives you a better understanding of how REI actually works.

And the reality was I only put 20% down plus closing costs.

Please feel free to reach out if you have any advice, insights, or opportunities to share!

Or providing substantial services in conjunction with rental activities can subject to SE tax (hotel like services...room service, daily cleaning, meals, free shuttles etc).Being a REP just defaults the classification of the rentals from passive to non-passive. 

You want a design that stays relevant, withstands high turnover, and doesn’t require constant costly updates.7.