Even though an investor could easily avoid KCMO the tenant’s rights are not onerous at all and I don’t think they should dissuade anyone from investing in KCMO!

Details 48,320 Sqft; 310 units with land to expand, Physical Occupancy 90%; Economic Occupancy 97%; List $2.1mm.  

I'm sure there is a compromise easily in there somewhere where you can pay a licensed business to do the work and receive an invoice for your $1500/etc.

I figured I better start understanding the system and possibly expand our portfolio in the process.Would love to network and meet other investors in the Tokyo area. 

My accountant doesn't care about that for tax purposes, but I wanted to easily see those numbers in the same place where I was tracking everything else.

@Emily Anderson true on the flat 24% tax rate on rental income without the possibility to deduct costs from it.Keep only one thing in mind: rental income is being added to regular taxable income (salary and rental income).So I could deduct costs before ending up with taxable rental income, however for me, it is being added and calculated together with my salary income.That means I'm easily reaching higher tax brackets even after the deductions, while with a flat rate it always stays the same (even if you earn way more rental income).

In the Cape Coral market, rents have increased so fast that some estimates are easily 30% under market.

However one thing I didn't anticipate was, while the aged sewer line could easily hand two people living in the property, when my tenants moved in and when the load on the sewer system went to five people, it couldn't keep up.Turns out the line had been damaged over time (orangeburg pipe) and was too narrow, so I had to pay to get it replaced. 

it's job that dictates everything, it's easy to see why most companies are willing to move to austin and midwest as well. highly educated parent that had excellent job they want the highest quality school as well (hence they want their kid to study at local cupertino HS)... it's just the same thought process that keep eventually real estate more expensive and city boundary is also expanding. 

You can finance new manufactured, *you can often not finance (conventionally, or easily) used manufactured that have been moved more than once.