We offer a different kind of opportunity that might just fit your goals even better.We develop, build, and manage all our projects from start to finish, focusing on rural markets across the southeast—think areas like rural Georgia, Alabama, or even Florida.

While you likely won’t owe taxes due to the loss, filing is still required since the rental property is located in Missouri.Kansas (KS): As a Kansas resident, report the rental loss on your KS state return (KS-40) since Kansas taxes your worldwide income, including out-of-state rental activity.Tax Impact: The rental loss reduces your federal taxable income and may lower your overall state tax liability.

Year long lease typically, with subletting allowed to offset summer months cost to tenant.I worked out some high-level math: Assuming there is a 6 bedroom single family house for sale for 800k, and I can rent for 6k/month.Financing: 350k cash, 450k loan @30yr, 3.8%.Assumptions: 7% vacancy/yr, $4000/yr repairs, $10k/yr property tax, $4k/yr insurance, 8% management fee+50% first month rent on new leaseMonth-to-month breakdown: Income: $6000 Vacancy, Mgmt fee, repair, taxes, insurance: $2300Loan PI: $2650I'd take home ~$1000/month. 

I can do title research on my own, I've dealt with property management companies, and I've dealt with all kinds of real estate related litigation (adverse possession, title defects, foreclosures, HOA disputes, evictions, to name a few).

The project manager refers me to the “packet” any time I have a question.  

Do they use pen and paper to record this information or do they have some sort of software to manage it? 

I worked exclusively in STVR property management on the island and currently work in long-term property management servicing the West Metro (Minneapolis).

Rentrange uses data from large property management companies just like mine.

@Jonathan Grzeszczyk - I'm a flipper, investor and property management company owner in CT. 

They go through a management company, M.