Lot of different financing options depending on what you're trying to build!

Also, rather than taking a large amount of money and investing into one single directly owned property, I can split it up into much smaller chunks across many different passive investments.

Kansas City is rapidly growing and high in demand for rental properties.

That is real WORK, but you must know that already. we work closely with the different housing agencies that we have properties in.

Sometimes appraisals are transferrable, but if your lender can't accept it, either you have to follow the guideline or go with a different lender that can use it.

Different colors for each product.As previous mentioned, mold is everywhere (please come look at my bath tub for a nice growth currently...it's mildew).  

Anyways you have a lot of different strategies at your disposal and 120k is great nest egg.

@Bud Gaffney ok cool, I was always a Zillow person, time to try different websites.

It obviously comes with a little different kind of maintenance and having to furnish it would then be on you.

By the time you add up the self-employment tax and administrative cost of running a property management business and filing a separate tax return for that business, you will not likely come out ahead.If you were providing property management services for other investors, that would be a different situation.