You'd need an estate attorney or similar professional to walk yo through the pros and cons. 

Investor recently reached out again and now wants to invest.I change my mind, it's actually not communism.It's insanity... hehe Engelo you did what is commonly called by professional Sales folks..

Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.

4) Seek to help them solve their problem5) ask them what they need $ to get out of the house, and evaluate if you think that's possibleI'm learning to ask a tremendous amount of questions and am finding that I can keep the conversations going far longer than me offering my "insight", I'd encourage you to door knock these people and have a question based conversation so you can learn as much as you can about the property and make your decision on your course of action after that!  

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Networking is Key: Build a strong network with other agents, investors, and professionals in the industry.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Buy Box / About Me: 1) Class B+ or A area 2) long term buy and hold 3) Seeking cash flow and appreciation (fine breaking even with rent if long term growth exists) 4) Good school system and economic growth in area 5) seeking area with young family and rental demand 

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.