Also, have you done a comparison of the cost-benefit analysis on renting the home out v. renting the condo out?

If you're keeping an eye on the U.S. housing market, you've probably noticed some pretty interesting shifts happening lately.

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

Before you say 'you should have the money to get into a contract' I normally wouldn't be in this situation but I've just closed on a property that was all cash 2 weeks ago and a friend calls me on a property that's truly an amazing deal that I want to get into contract (has stable tenants renewing contracts above market, I can get for under market).

What market did you buy this property? 

Depending on the cost, I could see a benefit in the idea.  

Any ideas suggestions or thoughts on the market?

I would like to add what qualifies you are a short term rental investor that can take advantage of this "loophole" below: The short-term rental (STR) tax loophole allows property owners to classify rental income as non-passive, enabling them to take advantage of certain tax benefits even if they don't qualify for Real Estate Professional Status (REPS).

This decision can impact your time commitment and the overall profitability of your investment.Location: Focus on areas with strong rental demand, population growth, and good job markets.

Does KC feel like a good market for that, for the people that are there?