@Dylan TannerThere's a casual sit down eating place here, national chain who has a 10 year lease, no option for renewal.

Both my properties need major work about 25k in repairs and a winter sitting vacant and semi-untouched can equal bigger problems.

My thought instant money maker, instead I'm sitting here trying to figure out who will purchase this property after almost 3 wks of marketing the property, so my personal take hard to sale but maybe a totally good investment using your personal buying criteria for long term hold.

I would sit down with your wife and set goals first, before speaking with a mortgage person, leverage is great but if you have been successful you might want an equity partner.

One of my concerns is that the prior owners are willing to take such a huge loss on the property considering they want it to be an investment, but the broker assured us that it's been sitting on the market for quite awhile, they're unable to properly manage it from so far away, and the real estate market in the area is slow - so they've been aggressively priced to sell.Anyways, the house just next door to the east (the yellow one) is a very comparable property detail wise, but not quite as nice and it currently is leased out for $700 per month.

That is a heck of a lot of money sitting around not working for you.

If people are earning 2% on their money just sitting in a money market fund or bank CD, They may jump at the ability to get 8,10 or 12%+ returns.

they are flipping in bad areas of Chicago (war zone areas)but I see them sitting and not moving.I don't like to tie up my resources in areas like that even though the numbers work well.Grand Rapids though is nothing compared to the war zones in my city.

Since KC sits on the border of 2 states with ideal large companies I.e.

I agree that we should be practicing in that market, but there was just so much going on sitting in these neighborhoods that helped us on our decision making process.