There seem to be plenty of vacation rentals options up already in all price ranges.

I don't want to be the one to put the chips on the table and apply. 8 years of operating would put the 3rd unit creation around 2006 / 2005 time range.

This area, while in the Independence school district, is less than .25 to Lees Summit and .5 miles from Blue Springs, with comps in the area ranging from $110 - 150 depending on amenities and sq ft.Ruskin, Raytown, the heart of Independence are more like C- or D neighborhoods, with sales prices of around $50, and CoC's of around 20% even after maintenance and vacancy.

Can anyone offer #'s or at least a percentage range?

It ranges from 15% tax on profits in a year under $2,500, to 39.6% marginal tax on profits over $12,150.Also buy-and-hold projects that use debt on top of a equity (whether the project operator gets the debt from you or a bank) are likely to trigger UDFI - unrelated debt finance income tax - on a pro rata debt portion of the investment.

That makes no sense.In 2013, CAP rates for stabilized Class C property in Miami (the most expensive property in your state and quite near the most expensive in the country) were in the 6-6.5% range.

A house that I have under contract built in 1959 seems to have the original oven and range top.

It really just depends on your price range, how much you are looking to make etc.

@Gabe Gordon,Because your self managing your rentals, your estimated 50% expenses, should be in the 38-40% range.

(More than I need, but if I hold the property until September/October, my agent is estimating an increase in interest and a potential for bids in the 475-500 range.).