Example water front property, ski resort some along those linesSecond home, you have to intend to occupy the house for at portion of the year- Some lenders set overlays on length of time.

We initially set up our VRBO accounts to Instant Book which didn't  give us the opportunity to properly vet renters.

I have a different set up completely.  

Just the costs of setting up a room, bringing the plumbing, gas, electric (I believe commercial machines run on 250 volts, which likely isn't wired in yet), having someone on-call to fix them whenever they break, might require too much capital.But:I'd wager I'm not telling you anything you didn't already know!

Setting aside 500 for property management and repair fees I came up with a offer of 135000 that will let me cash flow 400.

I went to a meeting a few months back and reading your post now reminds me of how I felt very similar at the time.

So glad you've discovered Bigger Pockets early in your real estate investing journey...and it looks like you've already made some good contacts here from your area....A few tips that may be helpful to you here on the BP website:You can set up keyword alerts so anytime someone posts about KC, Enterprise, or any of the specific markets you're evaluating, you'll be notified.

We've done in a design-build relationship where the contractors submit their drawings to the architect and the architect drafts them up and adds them to the permit set. 

You are also able to set the terms of the payback and the money is automatically taken out of your paycheck. 

In real estate, we need to get to the seller's motivation - why do they need to sell the house, and keep reminding them of that and tying everything back to that.