Your expenses will eat up all your profits.

Sometimes (not always) a business has to do eat a loss - it's that bit of business that is known as risk taking.

This can really eat into cash flow and make that 8% actually be 10% or more. 

We hear the food in KC is outstanding and can't wait to try all the local eats!

Other options seem to be working with investors and financing via hard money - but I worry the cost may eat me up if we slip on time/runs longer than anticipated.Any more creative options on how to do this to minimize risk, ensure working with someone that can get it done in a timely manner, and minimize cash I need to put into the deal?

However, the account fees, transaction fees, asset registration, check fees (some custodians even charge for both incoming and outgoing), etc. form a good chunk of money eating away potential profit. 

My dream is to be financially independent and to be able to eat at any restaurant I want without having to worry about the bill. 

Capex will more than eat up cash flow.

Reduce your rent, eat at home and brown bag lunch.

I seem to have 1-2 people a week now reaching out to ask for PM advice in Milwaukee and thinking we need an additional market due to 1) pricing and 2) diversification.Fort Wayne IN still works for us but is getting pricy and with lower rents maintenance and eat into profits - Would like to start converting this properties to seller financed deals over the next few years.