Also, keep in mind that Kansas City Missouri proper has added a ton of new regulations and will probably be adding more.Now if you are going to be paying those higher prices anyway - look further afield in KC to North Kansas City, Gladstone, Blue Springs, Lees Summit, Overland Park, Lenexa, Shawnee, Merriam - go for better schools districts, areas that actually have grocery stores and other amenities that homeowners want (a Wal-mart or Target perhaps). 

The cost would be added to the rent each month. 

Taking a distribution from the profits would be added to your ordinary income during tax season and accounted for via Schedule K-1.

Your inspection cost will be added to your basis since your asset was not placed in service yet. 2.

One point costs 1 percent of your mortgage amount (or $1,000 for every $100,000).Breakdown:NOTHING IS DUE UNTIL CLOSING.150 days after purchase the loan is due or 1% extension will be added.

Could I (the buyer) be added as a loss-payee w/ o much hassle? 

Although it will be added cost to your project, do the numbers still work for you? 

Be aware that the payment for either one will be added to your monthly debts when applying for the mortgage on the investment property which could affect if you qualify or not. 

If it's a rental depreciation will be added back in, but rents will be credited at 75% usually or actual, which ever is less.

They say they offer:Buy and Hold or Fix and Hold(With or without experience, Credit Score 620)Commercial properties (more than 5 units); We cover up to 85% acquisition of the property.Properties from 4 units below, We cover 75% to 100% Loan to value in the acquisition of the property depending on credit score and property zoning.Closing costs may be added / rolled over to the loan.Ideally Suburban and Urban addressesZoned as Residential or Commercial properties we cover 100 % rehab cost.For Fix and Hold of Residential property, Interest rate 6 - 8% short term 12 months amortization interest only, No Prepayment penalty.