Happy to chat, feel free to reach out! 

Ive owned a 3 family in Fitchburg MA for 4 years that has done exceptionally well with it, living for free in one unit for a while and constantly upgrading the property over the years.

With a fideicomiso, the first $200k is tax-free when you sell.2.

If there aren't any massive physical problems with the property, it appears you can grow income and equity.You might be able to buy this with little cash out of pocket if the seller owns it free and clear and was willing to finance nearly all of it.  

Gaining valuable insights into the local market.Always consider that Jackson County has a LOT of variability in KC proper and then uniques submarkets of LS, BS, Independence, Raytown, Grandview, etc all with their own local city governments, rules and regulations, each with their own uniques submarkets of their own...Happy to chat and share my knowledge and experience.2.

Your primary residence - if you've lived in it for 2 out of the 5 years prior to selling you'll get the $250K/$500K tax free iike @Clint Galliano said. 

They are a custodian, charge a flat with no fees, and provide free audit protection.

If you need any contacts that would travel to do the work feel free to DM me.

Feel free to reach out if you want to connect, I have some people I've JV'd with in the Texas triangle.

If you are renting then it can be semantics; a lot of older homes had no closets at all, only free standing wardrobes.