For me, the money and effort in is so high, I would have to be doing it full time.

No one has mentioned the time time and effort it takes to  find and maintain the property.  

I am primarily focusing on wholesale deals right now in an effort to build my cash reserves.

In others experience is this even worth the time and effort?

Refinanced out most of my costs - these take more work/effort but it's nice not leaving any cash behind and still having solid equity in the house.  

From the initial look at the numbers it looks as though you'll be completely locked into this property with no equity and thus no flexibility.I'm confidant that with more time and effort you can find a much better opportunity in Kansas City.Just my rookie .02, I hope whichever decision you make is a blessing for you and yours. 

Those that can benefit from Oscar's efforts. 

Lessons by the way that I learned the very hard way.Know your market and rents; too many PM's are content to get less than market rents since they believe they will be quicker to rent and the percentage difference between a $500 rental and a $600 rental is pretty small to them and not worth the effort.

I know I should be doing my own management, but at the same time I'm trying to buy another two similar properties very close by, so putting all my time an effort into that first.

The problem with that is that anyone can pop the hinge pin quickly from the outside without too much effort.