Here is a solid structure to consider- create a holding LLC taxed as a partnership (you own this entity, and it is set up in a state with anonymity to keep your ownership private) this LLC will hold special purpose disregarded LLCs set up in states where your real estate is located. 

It is an excellent time to invest in emerging C class near downtown, especially where you find super solidly constructed smaller homes dominating the landscape (1950s, 1960s).

@John Teachout I think that’s solid advice about taking over a property with tenants in place.

We just need to take extra time and precaution to vet lender and buyer to make sure they are solid before entering a contract. 

The cash-flow from the properties will offset some of it but that's assuming you bought a good deal have solid cash-flow + reserves for each.

Tell that to the savings and loan scandal recipients as well as the entire banking industry that sold bad mortgages in 2004 and on.The strongest of us will do what the weak will not.

If you have a good property manager he will recommend a solid agent they like to work with.

The house is in the Kansas City, MO 64130 area and was built in 1966.I'm not sure if this is a solid resource to see expected appreciation values or not, but it's one I've found:https://www.bestplaces.net/housing/zip-code/missouri/kansas_city/64130The TurnKey company appears to be unwilling to reduce the sales price at all, claiming that the opportunity is strong and that they believe in the offer regardless of the low appraisal. 

I personally find that a solid CPA is just (if not more) valuable than a good attorney.   

As investors (and particularly for passive investors) it is important to have a solid tool set to vet sponsors and other companies you consider working or investing with.