Renting to Section 8 Long-Term TenantPurchase Price = $237,000Renovation Cost =$8,950Appraised Value = $310,000Monthly Rental To Section 8 Tenant = $3,215Monthly Mortgage Payment = $1,890Monthly Reserve for Maintenance and CapEx = $200Monthly Cash-flow = $1,125Another investment property was closed and added to my rental portfolio.

or are these in fact just unsecured notes with no collateral ???

//What is the rental market like in De Soto KS for renting property with a large home and pond//I am analyzing a deal on a property in De Soto KS. 20 + acres, newly renovated home, a pond, etc.Given the economy, De Soto KS location in relation to Kansas City, Lawrence, Lenexa, etc... does it seem likely that there are people who are willing to rent properties at a higher cost than something in the city?

I personally made these repairs at a total cost to me for $150.

Are you looking to grow locally, out-of-state or no preference? 

I would not subdivide unless you have to becuase there are cost involved with that. 

That would be equivalent to $1200 now with no rent. 

I already have some equity in the property after doing a complete rehab but I don't want to diminish my returns selling it after one year, paying for commissions/closing costs.

I would also avoid any properties that require a good deal of rehab for your first deal as I know that it can be very tough to manage from such a distance with no established contractor contacts in the US. 

As I start my journey, I know there’s no better way to learn than by surrounding myself with people who have been in the game longer than I have.