A real estate lawyer could easily write you up some type of contract to use also.

One side will cover your PITI easily unless the taxes in KC are strangely high.Do your research, as this place certainly looks like a good buy.Bring all the numbers back and I'll give you my financial view on the place:TaxesSewer and WaterTrashHeat/UtilitiesHOA/LegalCap Ex and OpsInsuranceMgmt FeeVacancy

It wasn't much more time for him, but he could have easily charged more for what I asked. 

I would like to expand to other markets and network.

So I'm looking to expand my holdings, and knowledge. 

If that is the case you have a huge potential problem if your exchange was ever audited to show a note and a mortgage (it doesn't have to be recorded but if not can be very easily perceived as fraudulent).  

It's not that they don't exist - it's just there isn't a ton of that type of inventory out there.Depending on how far you want to expand your search you might have better luck in Fort Walton Beach/Niceville/Valparaiso.  

I have had several inquiries on commercial property management services and thinking about expanding my services to include commercial. 

I think it's a great place that could be easily rented out.  

I think you can handle an additional 5 properties easily with the amount of reserves you have to handle vacancies or CapEx.