I'm not suggesting I can purchase it for 50K, I was just floating the notion starting with that figure and going up from there if that would be crazy.

I have 1 rental property and working on another one. recently started an LLC. what a gathered through bp/podcast. the benefits for an LLC is taxes. saying if you made $100, you spent $50 on expenses, you as the person would get taxed for the whole $100. now say you have an LLC. you made $100 and had $50 in expenses. you are taxed the remaining amount which in this case is $50. in regards to adding a property under an LLC. through a few podcast. they talked about having different LLC with each partner. so unless you want to share the pot of your first rental with your new partner, I suggest making one.

If you are looking for a one stop shop in KC I would suggest USREEB and @Sean Tarpenning is the owner.  

This will be my first large apartment deal so any advice or suggestions are appreciated.

@Jesse Thanks for the suggestion.  

It was like this thing was some electrician's (with zero sense of aesthetics) project house.While I'm on the photo above, the architect, suggested changing the ceiling and having it follow the roofline so that the room felt better.

I guess I was getting confused when I looked at the county assessor page as suggested on some of the webinars and they are in the $400-500 range. 

I do suggest using the BP rental calculator as you would for a MF to help you make sure things make sense financially.  

Any suggestions on where to hang my license in Maryland if my primary goal is for handling my own deals?

If the schools, streets, shopping and entertainment areas look like a C, attracting residents to pay the higher rates by upgrading the property to a A/B as you suggest (higher than the surrounding area) is typically not going to work out so well.