I have done deals in virtually every city state that the OOS investor is investing in today.Rule is :Pick your market.. research median home price  research schools buy at the median price or a littler greater .. 

Cannot have your cake and eat it too (take the payments but then say invalid contract)If it’s a contract for deed (which sucks in Missouri as it would have been faster to have a traditional deed of trust and note), it may state they are responsible for upkeep of the propertyBut if there are no violations and they are making payments you will have a difficult argument to take property backAs mentioned get an attorney  depending on the debt instrument used virtually all of them have what is called  EVENTS of DEFAULT.These include:Non payment of mortgage when due.Non payment of Tax's and or insurance.WASTE  and that is what you have if you can easily prove it..

Virtually all the properties on the MLS do not have a price that properly reflects the rehab cost, the risk, and decent compensation for the work involved. 

There is no question that the reins have been taken off the mods when it comes to self PromotionJust look at the Sub to guys virtually every post now is a picture of a spread sheet of one of their deals and of course you to could have a deal like that if you pay them 15k to teach you :)  Not saying the training is not worth 15k very well could be.. but that kind of posts one after another would have never flown a few years back.

Many have an option to join virtually, but if you're going to travel to an area to scout it, plan your trip around some local meetups and attend while you're there.

9) if CA an ADU and JADU can be added to virtually all homes.

Is this more or a virtual wholesaling business?

I would recommend finding an attorney over Anderson or Prime (have heard mixed reviews about them) if you decide you want to get an LLC.The reason for Wyoming is that you get a registered agent and a virtual business address for anonymity and no one can track you down (e.g. tenant trying to sue you, if you're at fault in a car accident and the other party is trying to sue you).

In addition, 5% to 8% each for maintenance and cap ex would be way too low in virtually every market but possibly not in high rent San Francisco.  

It's in a challenging area where Section 8 is virtually my only tenant base—not a slum by any means, and the house itself is in great condition.Here are the options I'm considering:A) Keep and Re-rent to Section 8: By investing in some upgrades (paint, cabinetry, toilets), I can increase the rent to $2k (from $1800), projecting a cash flow of approximately $1300/month.B) 1031 Exchange into a Short-Term Rental (STR) in Shenandoah: This would involve using a portion of the proceeds to make the property Airbnb-ready.