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If you ever incur a state income tax in MO, you would typically be able to take that amount paid as a credit against your KS taxes paid, so you won't end up double taxed to both states.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

We have a decent amount saved up and have thought about doing a out of state deal but might be good to do a deal near me to start out. 

The limitation is for the amount of losses you can use to offset your other income.

The amount of capital required depends on the city's appreciation rate.

The amount of headache, waste of time, no shows, incompetency I had to deal with was unbearable.

I have a decent amount of friends from the Parma area and I can say that's very smart that you want to start by investing there.

Not just the current year amount on the listing.

I would also make sure you have a good amount set aside if something hits the fan.