However, we're aware that success in real estate requires knowledge, strategy, and experience.We're reaching out to seasoned investors who have navigated these waters and come out successful.

You’ll also need to consider whether the tenants will get along with each other—living with multiple people requires a certain degree of “chemistry”, mutual respect, and consideration, and if the tenants are at odds with each other, nobody’s happy.

Hi @John Fairchild, all other KCMO long term rental property owners here:Do you eventually figure out the business license requirements or the need to pay KCMO city tax?

When using DSCR financing, even when vesting and borrowing through an LLC or other special purpose entity, you will be required to personally guaranty the loan.

@Michael Primavera Sure, from a literal sense, less expensive assets will require smaller down payments.

A house built in 2015 will not require as much CAPEX/repairs as a house built in 1915. 

Each option has its pros and cons depending on the complexity of your needs, your budget, and the scalability you require.1.

If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

Most successful investor-friendly agents get their deals from multiple sources i.e. lead generation efforts; auctions; past clients; local network; active investors/wholesalers; other brokers; online marketing/advertising efforts; bandit signs; direct mail; etc - What do you require in order to take on a new client?

Fair Credit Reporting Act requires that you give them a copy of their credit report