Once you begin doing business in KS, you will have a filing requirement in KS.I hope this helps.Mia

You’ll need to treat it like a business—handling tenant management, accounting, legal compliance, property maintenance, and more.That said, when done correctly, it’s a powerful tool for building wealth!

Looking for some guidance on resources of how to begin analysis or how to build a business of this sort.

My goal is to grow this business by expanding my investor network and seeking properties that will allow for additional scalability.

We deal with residential, commercial, new construction, multi family, and flips. 

That pain could take the form of working long hours, putting other aspects of your life aside for business, or uprooting your entire life for a short period to escape the rat race.

To make taxes easier we set up a business checking account and had all the rent paid into that account and all the expenses paid out of that account.

For those of you doing MTR & LTR what tech stack are you using and what areas of your business are each of your tools covering? 

Treat this property as a business and factor in all the associated expenses, including mortgage payments (if you pull a loan), maintenance, and potential vacancy periods.To simplify management and make this less of a hands-on job, I’d strongly recommend working with a property management company.

Its not personal, its business.