I suggest you get a hard money loan on the free and clear rental. 

question matters to me...especially for STR and MTR.

Repeated, with different sellers and the same sellers. 

Hey @Justin Brown, what @John Underwood said is spot on.SLC has been restricting STRs for a long while now and it isn't going to get better.People who have STRs in areas where they are not allowed are breaking the law and will eventually pay the price.Having said that, you should check and see if there are certain areas where it is allowed in some way and that is why they exist there.

There are certain areas of KC that play more towards appreciation and there are off market deals that generate good cash flow and appreciation. 

There's not enough information in your post to say what that may look like, but there are people looking for small units and it will increase in value over time.

(Paid $199,500 and monthly rent is $2,150!)

I need to redo the roof of the house lift up the second floor, the entire front deck of the house, demolish the old stucco, And replaced a lot of rotten wood and messed up beams.does anyone have any recommendations? 

@Jordan Brown your question is a matter of numbers and not location. 

How did you find this deal and how did you negotiate it?