Since your Kansas-registered single-member LLC owns property in Missouri and had a net loss in 2024, you’ll need to file in both states:Missouri: File a nonresident return to report the net loss.

I could tell by the list price and look of the property whether it was going to go pending, or languish. 

@Chase AlexanderRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I would like to purchase a three or four Plex and live in one of the units.I understand I can use an FHA loan or conventional loan with only 3 to 5% down in order to get into the property however I live in a very expensive area and the properties I am looking at are currently 700+. 

We currently have a construction loan on the properties and we would like to refi to a more conventional loan.

Of course, I had to make additional assumptions about the cost of property taxes, insurance etc. 

I would say if those are the true numbers, the place would have sold instantly already.Purchase of $179k and rehab of $150k to get a value of $735k is almost unheard of.Main red flag is that something else major is wrong with the property.  

Looking to possibly start investing with some whole sale properties and land.

Quote from @Matt Wan: I want to buy an investment property in the United States.

You have your first multi-family property.