Some background info: being our first year into real estate sales, commission isn't what is will be in our second or third year, as we are building our leads-database.

The Federal Housing Administration (FHA) - which is part of HUD - insures the loan, so your lender can offer you a better deal.Low down paymentsLow closing costsEasy credit qualifyingWhat does FHA have for you?

So do your own homework but that's the gist per my understanding.As for the KS tax issue - I'd look for that to change with the next administration unless Charles Koch is able to get his own puppet elected which is very well possible.  

People trying to get free data is not something a broker has time for unless that person is working to understand an asset class to put in an offer.People just focusing on random thoughts, learning the space,etc. need to put in their time.I have built a database over 14 years of thousands of owners but have put in countless hours building it.If you are looking for something specific with a property look up the tax record and mail to the owner.

If the property is well maintained and your tenants are screened, you should be able to handle the bookkeeping and administrative stuff in 1-2 hours a month.As @Dan Schwartz said, if you allot too much time you are likely to putter around and fill it with nonsense.

Josue, have you tried shopping around the HML database from BiggerPockets? 

Market to out of state owners (since they're more likely to be tired of their properties), market towards divorcees, administrators, executors, attorneys that handle estates, etc.I'd also ask Realtors and ask for properties that were on the market so long they were about to put the properties up for rent, things like that.Outside of the this target marketing, I'd always have the word out I was looking for properties whether it was through word of mouth, bandit signs, craigslist or newspaper ads, etc. 

To me, setting up an entity involves many considerations but the three most important are taxes, asset protection and ease of administration.

I'm a real estate agent and I have access to a database that shows me lis pendens properties.

I'm a real estate agent and I have access to a database that shows me lis pendens properties.