I've looked at some properties in Liberty, Gladstone, etc, but I'm not too familiar with the area since I was born and raised on the SE side of KCMO. 

I'm newish and might not be seeing what you are seing, thanks in advance.

Hi, @Richard Vang, I don't know your market per se, but I'd think someone could get 9-10 months out of a room like that in your area so it has a practical value and it could be a feature that is an added benefit to a renter or a buyer but I doubt it would have any actual value.

In my experience, pro-se tenants are more difficult to deal with than tenants with lawyers.

@Glenn N.The issue is trying to "change" your passive income into active so that you can pay all the SE taxes and qualify to put it into the self-employed 401k. 

I live in SW DC and would like to focus my investment in SW and SE for now. 

I have experienced many circumstances where there is no “hardship” per se except for being underwater and wanting to sell.

Also, even though I will be investing, I don't really have a "business" per se, so until I own some properties for cash flow, I plan on working with my attorney and CPA to discuss tax strategies and what type of business to set up.

Turbo Tax seems to do a good job on the math with the SE tax.

I wish to use the MLS to find foreclosed and discounted properties so I can review all the data and comps and offer for properties accordingly before 30+ other offers are made.I don't wish to become an all out real estate agent per se, rather to gain some valuable knowledge and have access to all the tools and data that I can get my hands on to make a smart investment.