I see you're a Mid-term rental investor.

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

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

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

Quote from @Praveen Kumar: Hi I am looking to buy first rental property and looking to speak with lenders.

I am in the process of getting my Michigan Builders License and I currently own 4 small rental properties.

My wife and I own it together, but i may be able to buy her out and keep it as a short-term rental without spending all my personal capital.I’m looking for advice on financing options, buyout strategies, and any creative solutions others have used in similar situations.

They are major BRRRR projects with the main exit strategy being to hold as medium term rentals.

Maybe they should use Richard Wilson's model and only charge sponsors.

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