I tried to use the calculator but still couldn’t figure out what’s bestRent: possibly $1,250/month (3bed/2.5bath)Sale: comps for exact home or slightly smaller recently sold for around $160kWith rent I know there are addition expenses: vacancy- tenant repairsHOA: $25/monthMortgage/Tax/Insurance: $830/month Water: not sure I think I average around $30/month possibly.

@Kristin Feerst I think you are going to have difficulty purchasing the property wholesale as you will likely need hard money for the purchase plus $40-$80k on average to fix them up.

Rents average $0.95 to $1.15 sq/ft.

I constantly warn people that there is simply too much risk for the average person in an auction: House full of mold, honoring the existing tenant’s lease, meth houses, current owner pouring concrete down the pipes to spite the new owner, evictions, finding out you just bid on an inferior lien (like you just did), municipal liens, back-due child support, IRS liens ... the list goes on and on.At least you only lost $16,000.  

Once I have a vetted GC, I would like to begin making offers and get a property under contract to start a rehab that needs average cosmetic work (being my first flip).

I would pay attention to the subject areas managed by professional competitors, what is their average rent and the curb appeal, storage plus anymore common facilities that they have and the benefits of then, in respect to financially.Who is this guy anyway? 

Is their any competition in the subject area and what are their advantages and their average rent and occupancy?

You never mentioned what I call "percentage expenses", which include Maintenance (10%), Capital Expenses (CapEx) (10%), Vacancies (your choice for your market - anywhere from 2% to 10%), and Property Management (again, based on the market - say 8%).Broken down:Maintenance - expect an average of 10% of your income to be spent on general maintenance.

@Colton Boyer What is really driving job growth and population growth in Kansas City is a highly educated workforce. (34.3% of the population has a 4 year degree or higher which is above the national average), the business incubators that are stimulating start ups and the low cost of living. 

So as long as regional prices (what CPI measures) and in relation average salaries/wages (more pay = able to pay higher prices) are going up, the landlord can continue to raise prices.Another thing I noticed in the bill:  "§ 214 (B) THE TENANT IS VIOLATING A SUBSTANTIAL OBLIGATION OF HIS OR HER TENANCY, OTHER THAN THE OBLIGATION TO SURRENDER POSSESSION, AND HAS FAILED TO CURE SUCH VIOLATION AFTER WRITTEN NOTICE THAT THE VIOLATION CEASE WITHIN TEN DAYS OF RECEIPT OF SUCH WRITTEN NOTICE, PROVIDED HOWEVER, THAT THE OBLIGATION OF TENANCY FOR WHICH VIOLATION IS CLAIMED WAS NOT IMPOSED FOR THE PURPOSE OF CIRCUMVENTING THE INTENT OF THIS ARTICLE;"  This sounds like if the tenant violates the lease agreement and does not fix it within 10 days of notice you can evict