Yes, definitely going to do a letter.This loan was to the owner of the property (who is another investor), who owed about $25k on a $130k valued property.

I definitely see few downsides to becoming an agent, one downside just being the cost, but you have to pay for access or accreditation in any business...

@Roger Gelpey I would say definitely not to tax liens.

You are definitely overthinking the situation.

@Tim SchroederIdeally you would like all the information in one place(which would be the accounting software that you choose).Being able to get a snapshot of what mortgage balance, income, expenses, equity in any given period is great.However, in reality, you only need to put in information that you find will be useful to you.Income/expenses are a definite since you will likely use those figures when you file your taxes.The other information such as asset cost, equity, downpayment provide you information that you will likely only find useful that in reality - you can possibly get by looking at a mortgage statement or such.With that said - track information because you need it or find it useful.

@Alex Stoll I can definitely help connect you with most of the wholesalers here in KC.

I am looking at 2-4 unit properties, so I will definitely check out Upstate Mortgage. 

I definitely appreciate your input and I'll keep looking to see what I can find.You mentioned CapEx and I know that some investors work it into their calculations.

Thanks for the info on the meetup, I'll definitely be going.

My 24 STRs are definitely not rented to the typical person that uses Airbnb or VRBO.