This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

My rental looks like 6-7% on paper, and after tax it's like 2%. 

Thanks,Jake For unemployment data and population growth, government sources like the Bureau of Labor Statistics and Census Bureau are reliable and up-to-date.

Some private lenders like the one I work with doesn't require appraisals on fix and flip/new construction loans and also doesn't require tax returns/W2s.

It could also help you to decide what type of real estate you would like to focus on - i.e., residential vs. commercial. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

I like the space as this is pretty fragmented vs MH, so cap rates seems to trend higher. 

You will also quickly learn how to manage properties well instead of spending decades figuring it out like most investors.

I would like to keep learning more and hear from others about their experience around the Kansas city area.

Like I said, I am very excited to get started, but it is slightly overwhelming!