But generally yes, I personally have seen people (just spoke to one today) that took over a property doing 40k with a PM and going to 83k.

It is something I wouldn't use personally.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Once I've done some homework on the property and everything checks out, I make sure to visit it in person.

Personally, I like option #1 (I know a lot of agents will push you to #2 as that's how they make commission), but it helps in keeping an asset and using that capital to buy something more productive.

Bonus points for bringing cookies or brownies.Decision Makers - You are dealing with 12 people when leasing a home vs. one person for a regular home.

This person is asking for specific website.  

While I do not personally have a contact in KC, I'd recommend using BiggerPockets' Find an Agent tool.Its a FREE service for BP members like yourself who are looking to expand your network and find local experts.Here, you'll be connected with an investor-friendly with knowledge/experience in your desired location(s). 

@Nick KnoblachOf course, you should always confirm with your own CPA who is familiar with your situation, but here's a few generalities:- CA taxes residents on worldwide income, so the CA resident will likely be taxed on the entirety of income that he/she receives on his/her CA resident tax return, including his/her share of rental income- CA will likely want to collect tax on all income earned in CA due to CA-sitused real property, so any non-residents in CA should likely be prepared to file a non-resident income tax return in CA to report his/her share of income earned from the CA real property-I'm not familiar with MN rules, but most states generally allow for a credit for taxes paid to another state. 

DM me if interested in getting a personalized game plan.