I am very familiar with this neighborhood and know that this home would sell for more if it was listed for sale tomorrow.I proceeded to appeal the appraisal and back it up with lots of documentation, but did not have success in getting anything changed.  

I really want to get a local, first-hand homeowner with some experience to talk me through the complicated flood and wind insurance that is required down here.

I also use Evernote which has a great document capture camera to keep an archive of all my receipts. 

I was able to look up the property taxes, calculate my mortgage and insurance and some of the monthly expenses.

I'd like to refinance to a conventional and drop the mortgage insurance.  

I intend on order appraisals and inspections. 5 of the 7 units are rented and I have requested a copy of the lease documentation to understand what the current tenants expected from the previous landlord.

That leaves 60% to cover the actual costs of mortgage, taxes, insurance....oh, and you do want to make money on it right?

AJ Golden IMHO, that depends on what kind of income, "line of credit," insurance deductibles, and risk you can handle.

Some background about me: I have a full time insurance sales job, so I will most likely be using a property manager (unless you suggest otherwise), I've never rented property before, so I have 0 experience being a landlord.

I am curious if anyone is willing to share who they use for insurance for their rental properties in the Kansas City area.