I don't want to wait another 6 months to get more property through conventional.

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

After 45 + years as a real estate investor, broker, lender, fund manager and syndicator, I’ve become aware that the “dream” of many investors and investor “hopefuls” is to be able to generate enough cash flow to live off their real estate holdings and accumulate enough wealth to make “work” optional.

Cash flow = $400 How did you find this deal and how did you negotiate it?

But we also like the idea of having the highest cash flow possible.

You can probably make up for the perceived loss through the reinvestment in your US business.

The right market for you depends on whether you prioritize cash flow (Augusta, Columbia) or long-term appreciation (Greenville, Huntsville).

Purchase price: $72,000 Cash invested: $107,600 Case Study: Cockroaches to Cash FlowProperty AcquisitionI found this property through MLS.

First time on this forum, and just introduced through two books I just read by David Greene and Brandon Turner.  

If they do a lot of these, maybe they can help you talk through some ideas.