In setting up the platform I have connected with someone local in the area and that will be my 1st point of contact and I could share his info for you to reach out.

Starting with a single-family home in Kansas City is a smart move, and it sounds like you’re really digging into the numbers, which is super important for making informed decisions.From what you’ve shared, your offer of $140,000 with an 8% interest rate and a 20% down payment seems like a solid starting point.

Specifically, I’d love to hear about best practices for managing shared spaces, screening tenants, and setting up house rules.Additionally, I plan to split the utilities among the tenants—any advice on how to handle this efficiently would be greatly appreciated!

@Greg O'Brien - Do you mind sharing your company details? 

Could get creative to, maybe issue shares or something.  

Other's are cautious to share their resources so they dont burn bridges if things go south with a referred investor.

I’m happy to share my own tips and experiences as well.

Thanks for your knowledge in this area and sharing.  

I've had a lender more or less share similar wording to define occupancy.

If you want to learn more about the markets in Memphis, Dallas, Houston, Little Rock, OKC, Tulsa or various locations in AL, I would be happy to share what I know about those locations and what types of price points and returns you may be able to find on quality rental properties!