One side will cover your PITI easily unless the taxes in KC are strangely high.Do your research, as this place certainly looks like a good buy.Bring all the numbers back and I'll give you my financial view on the place:TaxesSewer and WaterTrashHeat/UtilitiesHOA/LegalCap Ex and OpsInsuranceMgmt FeeVacancy

From tax point of view you may consider: 1) seller financing - you will spread income and taxes over years 2) 1031 exchange - selling rentals and buying Realestate investment instruments

It's sometimes tough to remove the emotional attachment from something like this and your opinions from an outsiders point of view really help.In answer to some of your questions/comments, I guess I've been lucky with the tenants I've had so far.  

Make sure to view the BP blogs under "Learn."

Most can't quantify the expense in the way that I describe here, but it becomes very obvious over time.  

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My real estate agent met with the sellers and took pictures of the property, and helped secure an end-buyer, making it unnecessary for me to ever view the home (other than pictures).Other Recent Posts by the Professional Investors GuildThe Role of Fear in Real Estate Investing - Friend or Foe?

Make sure to view the BP blogs under "Learn."

I look forward to seeing the different points of view (as well as solutions or "go-arounds)Ty,Sam

For instance, I currently show 1664 posts (and it even says that right next to the link titled "All posts from Kyle" when you view my profile), but when I click on that link the number that shows up at the top of all the posts is 1555.