I am a fan of the Kansas City metro, especially the suburbs on the Kansas side like Olathe, and Overland Park and more.

Also, I don't know if it would be worth it from a liability perspective either, but would advise to chat with an insurance pro/legal pro.When purchasing a primary residence, conventional loan guidelines will require you to take down the property in your personal name.When it comes to taxes, you'll likely be able to take the standard deduction AND itemize Interest, Taxes, Insurance, Depreciation, and expenses prorated based off the rented portion of the property when reporting the 1040 along with W2 income.

Some months I’ve unfortunately had to pay like $150 out of pocket but I’m Planning on holding long term wise and the let the rental bare fruit later in my life because I’m only 22 and just wanted a base hit or a rental in a great neighborhood.

That’s the impression I got based on our conversation.

I'm a big fan of equity.

From wholesaler, and negotiated well based on minor conditions.

Also, I assume a 10% property management fee in my calculations and based on initial conversations.

Review the quality of the tenant base (do they have a history of paying on time, what were the original screening criteria, do they have applications on file).

Although we do have deals on the lending side that dont work but we are not forced into a position to take big loss's like we were when the banks were calling our loans.. this will happen in the DSCR world as all these folks are using same type of debt IE debt that can be called based on the terms of the debt or like you have seen with the syndicators that are talked about on BP max leverage bad debt things dont go right And you have cap calls or projects totally lost. 

I would base the decision off of how good the deal is from both an equity and cash-flow standpoint.