If any of the "Big Five" systems (HVAC, plumbing, roof, electrical, water heater) haven't been updated recently, they still should be budgeted, even if you expense them later.Also, if you're primarily buying for cash flow, then this seems like a whole lot of work for just 7.75% CoCR!

One is upward pressure on available home inventory levels.

Here are the details at a high level:Purchase price: 174,000Closing costs: 2,000Down payment: 20%Rental income: 1525Monthly expenses: 487 (insurance + tax)Maintenance: 128 (1% of purchase price)10% vacancy: 150Self-managingI am not sure what interest rate to use to get the monthly mortgage amount.

In areas like this, you want to buy starter homes in the suburbs that are high 200s, low 300s that need a little help.

. * Property taxes and other fees and regulations placed on rental property owners are already very high, and are rising faster than rent increases in many cases.

Getting into very deep waters here. ;) 

LOL.There’s a WORSE WAY and a BEST WAY to try to obtain items 1-4 aboveBEST WAY: College or Professional Association courses in real estate (real estate license course as a base) and work experience for a REIT or other professional real estate organization and capital saved or equity raised from private parties with a MODERATE amount of debt leverage and or utilizing creative financing with low interest rate debt (may be highly leverage)WORSE WAY; Any guru courses or mentorship’s combine with high interest debt. 

We are highly active in the areas of Independence, Raytown, Blue Summit, Sugar Creek, Lee's Summit, Grandview, Blue Springs, specific areas within the city, etc.We typically like to start with an initial phone call to discuss your investment goals/experiences, answer any questions you have, and tell you all about what our company has to offer.

High demand area.How much rebate to give to the tenants during the 6 months construction for the exterior of the house?

I have sold multiple homes in my communities and gotten to the point where I am buying the communities for very high returns once I sell the POHs.