It’s structured as a syndication, 60/40 LP/GP split with a 7% preferred return.

Overland Park, KS vs Kansas City, MO) Very landlord friendly, worst case eviction is usually 8 weeks + $500 + lost rent (cannot comment on individual cases and this is not legal advice) Large diverse metro area - variety of jobs, companies, people can have a career in KC.

Preferred returns would even be acceptable but not a straight interest rate play if the lender understands the structure. 

You may be profitable, but I'd prefer to avoid the possibility of having to do unnecessary repairs or not holding my tenants accountable for damage when I know their actions might have caused any unforeseen damage. 

I would also caution if you are intending on a vacation rental be very cautious of the individual town restrictions.

Welcome to BP - I'm sure you'll learn a lot here and connect with other individuals who have the same interests!

Don't sell anything but awesome community to be around like minded individuals

I for one would dislike being pushed into a box, I'd prefer to choose my own stuff...and it really ain't that hard.Interesting concept though, I just do not see the value for a veteran Contractor or Imvestor.I'd ask for references before using them...

I’m so happy to be here and would love to connect with like minded individuals 😁Welcome!

Those rentals debt serviced and also covered my California monthly rent (I know some of you may question paying someone else's mortgage) but at that time, I preferred the renting lifestyle which placed me much closer to work, my family, my clients, and friends.