I tell people that if they don't have a net worth to buy their dream house in cash then they aren't ready to buy their dream house. 3.

I've had several HOAs and just like property management companies most aren't worth it. 

The huge advantage for us is not having the stress and expense of hard money hanging over us if things aren't going just right.

They aren't up front about anything and most of the time they drop the ball.

Hyde Park is a little tough since there aren't many (if any) plots of vacant land or vacant homes there.Why Kansas City?

New realtors, new realty companies, new PMs aren't going to have those established relationships and *no* PMs give up the names of their people to anyone else because getting good people is difficult. 

Every adult should be fully screened to ensure you aren't renting to a violent criminal, drug dealer, etc.

The condo is located right near a hospital and McCormick place so we aren't do worried about it, but still a little annoying.From my understanding, the best place to do mid-term rental stuff is on www.furnishedfinder.com

Another one to consider is the FHA 203(b) if the repairs aren’t too major and you’re okay handling some out-of-pocket fixes.

There are so many "easy" decisions when you form an LLC that aren't really easy, and you need a good CPA to see your entire situation before they can give you good advice.