If you think hiring a CPA to discuss your plan, how you can do it, and all the roads you can take with that, than that is the best option for you!

I’m in the private lending space, so if you ever want to chat about financing options or need a second opinion on a deal, I’m happy to connect.

And you may not know the answers right now because you may not have much experience with each different option; and that is okay.

Lenexa feels a bit too pricey for me, but Olathe seems to be growing, so that wouldn’t be a bad option either.

Work with a seasoned STR realtor or STR PM to give you more options of a win win deal

I am open to any options that make sense.

We were discussing options for payment as we don’t have a lot of capital at the moment, however they have a property that has a bit of equity we could tap into, but they already have a favorable interest rate.

@Chris Kay to learn to properly DIY manage you have two basic options:1) Trial & fire on your own, hopefully not making a major mistake that costs you tens of thousands of dollars.- Once your time is more impotant to you then the cost of a PMC, you can hire one.2) Hire a PMC to guide you on your first rental and learn from their expertise.- You can buy additional properties and DIY manage those, perhaps leaning on the PMC for any issues you're not sure how to handle on your own.Good luck:)

The other option I potentially see is to partner with someone that has cash and/or better debt/income ratios and partner on the next purchase.

The Midwest is a great option, it's affordable and tends to offer better rental yields.