- it's always good to see another Hoosier utilizing this great site!

As a conservative estimate including taxes, insurance, 5% vacancy, utilities, and repairs we would have been netting over $800/month.  

Looking for a full service, established (PM, repairs in-house) turnkey provider with a solid reputation and references, as this will be an out-of-state investment and we need people we can trust.  

The issue with ONLY using this method as a way to invest is that it fails to take into consideration: 1) vacancies and bad debt (i.e. uncollected rent); and 2) operating expenses (including: taxes, insurance, repairs & maintenance, capital reserves and utilities, property management, super(?)).

I would like to concentrate in the Belton/Raymore/Harrisonville MO areas as I become more established in knowledge and experience.  

If this is your first time screening tenants, you need to first establish your rental criteria.

I will start looking into which establishments would be able to provide these types of loans in my area.

What's the goal of establishing an S-Corp? 

From this data, you can utilize a website bestplaces.net that will give you a breakdown of the percentage of homes that sold, in various price ranges, for a given zip code.

Regardless of what type of loan you utilize, the taxes and insurance will be the same (though some lenders may offer/require escrow for these items).