It was very cash heavy with 205k down.

There are also cases where a mix of both self-management and outsourcing is used.For example, the Hong Kong Housing Authority has a comprehensive management structure with various committees responsible for policy and implementation, indicating a largely self-managed approach.

We manage individual condo units for some of our clients and they're almost all very paperwork heavy.

I am in the process of doing that myself as I am very top heavy in real estate which isn’t a bad place to be but I’ve gotten some really good insight on my real estate portfolio from two 45 minute conversations.

My wife and I currently invest here and in Kcmo but want to get to know this area and establish solid boots on the ground.

I've even thought of buying a rental house to offer to a full time employee to move to this area but I'm not sure if that would just create more headaches in the long run) Employer responsibilities; payroll taxes, administration and audits.

They do not take any responsibility for anything and just dump all the costs on you?

Keep your common areas clean and neat, possibly have a house cleaner come in twice a month for these areas if your budget allows it, have solid house rules that you enforce regarding at a minimum quiet hours, parking, smoking, pets, and visitors just for starters and be sure to run it like a business and decide if you will have month to month terms, 6 month terms or yearly terms.

Are you going to buy solid properties in good neighborhoods with conventional financing, and then 'cash flow' in month 1 or year 1, or even in the first few years? 

Also, they go over the landlord pain points and show how to alleviate those.Rent Responsibly would be a good resource to start with regulations etc.