We loved the location and the opportunity to revitalize the area How did you find this deal and how did you negotiate it?

The earnings tax applies to both residents and non-residents who work or operate a business in the city.If your LLC is generating income from rental properties located in Kansas City and you are considered to be conducting business activities in the city, then it is likely that your LLC would be subject to the earnings tax.I would still consult a tax professional or a lawyer who is more familiar with these laws. 

the 1031 exchange will accommodate all of it - you can change locations, types, priorities, and risk all using the 1031.   1031 investors aren't all chasing one thing. 

It might be a great deal, idk, and you are right a great location can appreciate more, but just make sure you know what you are getting into with an older house.

It was easy to keep a high occupancy rate with the location being close to 2 universities.

The property is located in the Midwest and me and my business partner have ran the comps, numbers and called numerous property managers, handymen, inspectors and even asked locals on reddit to get a better understanding of the rental calculations and local biases in the area. 

Location Matters: Don’t be afraid to leave your backyard.Choose a property in a strategic location that attracts tourists or business travelers.

Exit strategy; 2. location research; and 3. financial assessment4.

Price and location.

Someone who won't find out where it's located and just go over my head?