Plan ahead of time on how your renovations will be funded and have a solid scope of work so not a day or dollar is wasted on getting it done.  

Bright side is you have sparked an interest at an age where you have so much time ahead of you, that i don't see why you cant 100 doors one day. 

I'm visiting Kansas City for a few days and would like to get a feel of the market.

So if you are prepared to wait for years and deal with the crap, go ahead.

We decided to go ahead and take advantage of the market and sell.

My practice is to refer buyers to the websites listing qualified (InterNACHI or ASHI here in NM) inspectors and let them contact some to find out what inspections they perform, what special equipment they might use, how much they cost, are 2nd visits after repairs included in the cost and how far out they’re booking.The buyer books the inspections.Licensing is just going live here and so I will ensure buyers are given the opportunity to hire fully licensed inspectors.

A master lease would definitely be a good option, although the seller would like to go ahead and sell it through owner financing and take advantage of the lower tax rate.

Thanks for sharing.I do most of the same but I do not want them to apply.I takes to much effort to review the app prior to pre screening.Every potential tenant has to answer prequal questionnaire first.Then the visit is scheduled for those that qualify.Then the app, if they appear to be most qualified based on their answers and initial in person screening.Just like a job interview.

I love to fish and It would be really cool to be able to visit my brother and stay in a house right next door.

Of course, there are no guarantees in the investment world but a 2% increase in the value of a typical say $800,000 Bay Area home (increases have of course exceeded that rate historically) is $16,000, which means that in a given year you would be ahead $16,000 - $1,500 (i.e. $125/month) + 12 months of principal paydown.