If I have understood correctly, you will live in the unit and then rent it out.

I thought I understood it until it appeared that A & B switched roles - maybe even twice.Can you go back and re-read, paying particular attention to the A/B references, and see if there is an error?

 I live in California and I understood that a Hard Money loan cost much more than a bank loan.  

@Curt Davis As i understood it they are partnering 50/50 but he would be putting up all of the 20% down payment.

But I see where you're coming from.The current 2-year leases are year-round leases, even though some of the students move out during the summer, if I understood her correctly.

Originally posted by @Mansoor Fazel:@Kevin Wall I am not planning to move to KC, rather, looking for a good cash flow producing property  Understood @Mansoor Fazel, the question was intended for John's original query

From the disclosures I understood that there was a fire in the attic caused (previous owners version) by lightening.

We were over leveraged, terrified of additional risk, and had no one who understood the rental market.

Understood.  

Understood, thank you everyone for your insights!