That said, I am tempted to experiment what it's like actually living in another area, either to eliminate or to reinforce my preference for the east.

And No multifamily. 4) rent ratio above 1.3% 5) ultimate goal is to net $200 minimum off each property/month regardless of purchase price and rents. 6) we try for good schools but it's hard in the c class properties.7) we also consider the crime rates in the area. 8) we prefer already rented if through a turnkey company. 9) we try not to buy more than 1 home in the same area.

I prefer to start with my budget and focus on areas that would be feasible for the amount of cash I have. 

Hello BP'ers,Finally gearing up to take the plunge in Kansas City, MO and am looking for attorney(LLC and real estate) and investment-friendly broker/lender recommendations (preferably fellow BP'ers).Suggestions welcome. 

Sub-to is preferred but either serves my purpose.

I always have a good taste, so I'm the interior designer and he will come up with a plan to make it happen.

Once they are rented we will move them to a second policy with preferred rates.

Attorneys would prefer to sell the real estate directly to an end buyer.  

With commercial deals, generally the debt is non-recourse with no personal guarantee unless you do something bad called the "bad-boy" provision.The investors receive a preferred return of 8% and share in back-end profit.

From the few experiences I had, getting a Certificate of Occupancy took so much out of me with all the phone calls and arguments and incompetence that I just got a bad taste in my mouth.