I have family in Kansas City, MO area so I thought that would be a good place to start since I could visit properties while visiting family.

There's also a calculator on my website that will help you navigate different scenarios.

Also, if anyone has any experience in land purchasing I would appreciate any tips or websites on how to find the best deal or agent for the same.

Unless you have a clause in the purchase of the entity that clearly makes you responsible for the entity from the day that you buy it(Indemnification) I wouldn't bother with the LLC.Good luck man. all the best!

Like you're pointing out, it's nice to find a location that's early in that cycle.For most STR buyers here in Colorado, your motivation better be as-much-or-more to have a place to visit in the mountains because you're cash-flowing a little but nothing spectacular. 

I always love to see the positive attitude - that's half the battle.

I just include the utilities in the rent.

If so, this is the RISKIEST option.

Of course a visit to the county records office and -correct reading of the legal description would reveal that the tennis court lot was the one being sold.  

While many out-of-state investors may purchase properties without an in-person visit, first-time buyers or those new to real estate are strongly advised to conduct a site visit.