Looking at this property as a long term rental strategy.

Currently my husband are out of state investors with 3 single family rentals in KC. 

My concern with declining values, increased inventory and a weaker economy would lower rental income and could potentially put me into a negative cash flow situation.

Consider starting small with house hacking a duplex or triplex, and use tools like the BiggerPockets Rental Property Calculator to analyze deals.Good luck!

Below is some copy & paste info about our methodology:----------------------------------------------------------------------------------------------------------Recommend 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?

Keurig machines are not necessarily a must for short-term rentals (STRs), but they can be a popular choice due to their convenience and the variety of coffee pods available.

Make sure the ARV, rental rates, taxes, etc are what they are claimed to be.   

I provide short term rental furnishing and renovation finish list that includes paint colors, light fixtures, cabinets etc.

I'm interested in learning about rental property investment, looking to build a rental portfolio, exploring real estate investing to replace my income.

@Ofir R.Recommend 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?