I recently moved to the DFW area and want to get involved in real estate in the near future (looking to buy a property in the next 6 months to a year).

I'm an aspiring investor and looking to acquire my first investment property.

This then would allow you to look at a property 1500sf 3/2 with the same rehab as a property in the same condition that you got a bid for 1-4 weeks ago..

The property was in a great market but needed a full cosmetic rehab and basement finish to add a bedroom and increase resale value.

They had about 90k into the property.

As with any electronic item they can fail, so I keep an extra new lock on site at each property for maintenance to install if needed. 

You will also discover the warranties don't cover as much as you think, and claims are often denied.Home warranties are so bad that most professional property managers will not manage a property with one in place.

You will report worldwide income on your federal and Kansas tax returns.You will also include the MO activity on your KS return.Your MO return will only include the acitivity within that state, which in this case, is the rental property.In the future, if you have income in MO(either through the sale of the property or through rental income), you will pay tax to MO but KS will give you a credit for any taxes you pay to MO.best of luck

For most of their existence Fannie and Freddie were privatized.  

Do you include specific clauses in each of your subject to deals spelling out exactly how insurance on the property will be handled?