The goal is to BRRRR it, as it required a lot of work, then house hack during the time I will be living there.

It is effective Aug. 1, 2024.This ordinance is referred to as the Source of Income Discrimination Ban Ordinance" - which is identified in File #231019 and amends sections of Chapter 38 (Civil Rights) and Chapter 34 (Health and Sanitation) in the Missouri Revised Statutes for the purpose of classifying source of income as a protected trait in regard to housing discrimination.Here are some key takeaways from the attached ordinance:This ordinance bans discrimination against tenants based solely on:Source of income from an occupation, including gig work or paying rent in cash Use of public programs like Section 8 Housing Choice Vouchers, disability checks, or social security Poor credit score Prior evictions and alleged damages older than 12 months (less than 12 months can be a basis for denial) Prior convictions or arrests (sexual and violent crimes are excepted, a landlord can still deny based on these convictions)The ordinance also requires the city to proactively scan for rental ads using discriminatory language like "no Section 8" or "no past evictions".Landlords who are found to be in violation of the ordinance with respect to source of income can be fined up to $1,000 per incident.

There are a couple of programs that do not require you to be a first time buyer.

If you did not require your tenant to carry this type of coverage and not name you also on the policy as insured you may be out of luck.  

It is also important to accept that living in the center of a big city is getting more expensive and that, for the same price, with time it is only possible to live in the 2nd/3rd tier neighbourhoods. 

Vacancy is more of a reduction an income than an expense.

CPI measures general inflation for consumers for major individual expenses such as food, gas, shelter, and other basics.

Additionally, the management of a bigger property does not linearly grow -- what I mean is that a 12-unit building doesn't require four times the management of a 4-unit building. 

The quick turnaround required precise coordination and efficient execution, highlighting the importance of strategic planning.

Taxes and interest are expenses.