Kansas is a landlord friendly state, but not as friendly as the ones that always make the top ten list.The downside to the market is that everything (not literally, but it feels like it) is 100+ years old. 

I think the biggest lesson learned (other than my failure to buy bitcoin instead) was to ensure I had a solid cash flow plan to implement the vision.

I desire to dismantle systemic racism that allow bad areas to stay bad).Anyways, this opportunity came up and it's a crap shoot but the downside is controlled and the numbers look REALLY good on the upside 

Really, my biggest concerns are monthly payment and down payment.

The biggest advantage I see to having my license is the immediate access to information. 

@Julia FranceI think having a general CPA is helpful but one of the downsides is they may not be well versed in REI.

The truth is when you are starting out, DTI is always going to be the biggest challenge...until it isn't.

Looking into cash-out refinancing and DSCR loans and all of that but I'm getting ahead of myself as I don't even have the 1 yet lol.Nobody in my family has any experience with this sort of thing so I'm just hoping someone can give me their opinion on if this investment makes sense.The home is currently being rented for 2900 total (all tenants are month to month and have been there about a year each) and my monthly costs would be 1,200 included taxes, insurance, mortgage etc.I am considering putting the home on section 8 because the fair market rent would make my monthly rent 4k+ but I'm weighing the pros and cons on that avenue.From what I understand the biggest costs to me as a home owner would be a new roof or fixing the pipes for any reason..

The downside is my son's cash has been tied up for months, but we own the contract and assuming we close, there will be an immediate $250k+ of application baked into the deal.

This is honesty the biggest one.