This (KCMO) area is really exciting and full of opportunity. 

Our properties were full and rents were high, but as folks cycled in and out of the community, we had more oil patch workers than before. 

When we have a roommate situation, where one of the lease signers wants to leave, the remaining tenants either take full responsibility for the rent among themselves or they find a prospective replacement tenant.

Do you have the time to manage all of those BRRRR projects or do you have a full time job?

I am currently a full-time engineer with an oil and gas company in Corpus Christi, TX.

I work full time as a corporate accountant and that most likely won't change anytime soon.

Steve, remember, your closing costs are a one time cost and the taxes you pay are pro rated, so they would not be your full tax amount. you are correct in your percentages for closing costs, I have come up with about the same % on average. when you do your calculations, the closing costs will be included as a one time expense but your NOI will be based on a full year of taxes, not the pro rated tax.

I use All Spectrum for all my properties @Bruce Mac.

My last tenants brought in German cockroaches.I advised her to use harris cockroach tablets and roach motels.I advised her to set off bug bombs.I left4 in linen closet.she left keys Sept 10 and packed up a airstream trailer.She said she might have to rent a truck and return as garage was half full w cardboard a big bags garbage.3 cans of recycles and garbage.A compresser grease rags.Tenants broke up husband left for Vegas in beginning of Aug.He called me Aug 30 and verbally gave 30 day notice and by text.Previous tenants lease expired oct1 2018.House was not left clean as I had 3 girls cleaning before aswell as myself.I have a cleaning service.HOUSE WAS PRISTINE WINDOWS AND SCREENS CLEAN.Refrigerator was full aswell as pantry.empty bottles and jar of grease as well as a pot of slimy water left under sink.while female tenant was recovering from surgery in Palm springs ca.I had to go water 3 stainless steel troughs w bamboo as heat was causing bamboo to die.Female tenant had a infection from surgery.

As long as you Close the sale within 3 years of when you moved out, you get the full exemption.