Too competitive.Hey Andrew,Really appreciate your insights — this is exactly the kind of market-specific advice I was hoping to get.

The buyer was happy that I recovered her money in full that she wasn't even mad about losing the deal.  

Lets connect hopefully I will get to see you there!

Hopefully you haven't made equally poor decisions when you created and how you managed your LLC.  

The PM vets I know will all confirm that you lose much less by lowering your rate of (monthly) rent than by missing an entire month of income! 

I don't expect to know everything by then, but I hope to develop a basic strategy that prevents me from making the most common and costly mistakes that a newbie can make.

So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.  

I'm hoping to do an FHA 203(k) within the first half of this year and eventually rent it out after living in it for about 2 years.

Once you begin doing business in KS, you will have a filing requirement in KS.I hope this helps.Mia

My plan is to purchase a home that I will hold onto while hoping to gain both forced and time appreciation.