Thank @Greg Scott - do you typically state this on the rental agreement or is it used internally?   

There are tons of other metrics to consider such as rental rate, job demand, growth, path of progress, taxes, schools, crime, and on and on.

I have some rentals that are condos that I love beecause they require nothing.

Can you count that $4,600 as “rental income” or does it have to go under some kind of self employment?

The increase in listed and sold median prices suggests that rental prices are trending upwards.

(Except something like 1/2 of a duplex where the rental 1/2 is worth as much as your exchange.).

Eventually a nice vacation rental on the water that we can also use for short term rentals.

You will report worldwide income on your federal and Kansas tax returns.You will also include the MO activity on your KS return.Your MO return will only include the acitivity within that state, which in this case, is the rental property.In the future, if you have income in MO(either through the sale of the property or through rental income), you will pay tax to MO but KS will give you a credit for any taxes you pay to MO.best of luck

Since you're in West Palm Beach, you’re in a strong market for both flips and rentals.

I'm planning to turn it into a rental and was wondering if I should consider hiring a property manager for my first rental.