Also I agree with another post before regarding the complexity of structuring a deal like this, which would also turn me off especially if I was just getting started.

Originally posted by @Brett Danehey:@Dan Bass I've looked at Topeka before I chose Wichita.

You have to be careful with these posts, that's when the Real Estate Agents come out and say that their market is best.The reality is you can make it work almost anywhere.

Look at other rentals in the area and see not only how they are advertising or promoting online but also the inside and outside of the rental so you can create a similar environment to try to replicate the same results.

Selling the rentals via installment sales could also spread out tax liability.This post does not create a CPA-Client relationship.

As for the initial post, I would ask a few questions to shed some guiding light.

You're probably a shill for Alfonso posting here to get suckers. 

I have written a blog post that may help you out.

And as someone that grew up in Missouri, this post caught my eye, particularly because I'd never heard of Lebanon, MO so I had to look it up on Google Maps.

So, you say will I want to take some cash out using the 200k value but most programs will require you to wait some period of time from 3 months up to 12 months for conventional before you can use that 200k value to pull cash out.This seasoning does NOT apply to delayed financing as I mentioned in my post above.