Price is supposed to appreciate around 30% once the building is complete in and offices are delivered.Bank is asking for 30% down, 11% for 10 years.

I suppose the type of buyer who is looking for a high end finished product is not looking for yard work, but then again, maybe buyers want privacy with the option to do gardening when they retire etc...Any thoughts based on experience in the area would be a big help! 

You are supposed to use the lower of the FMV or the original cost basis for depreciation purposes.  

I've also heard Shelter insurance is suppose to be decent in the KC area. 

If the borrower does what they are supposed to do, eg. pays taxes, ground rent, insurance and mortgage, has their rental registration, and does nothing that puts my position at risk then I am good letting it ride until they can get out.  

Why is the MLS failing you, it's supposed to be the bees knees? 

She looks at me stupid and says "it's supposed to say ding dong". 

Suppose there's a market crash, rental rates fall, house prices fall, and then paying a monthly mortgage payment could prove challenging (not to mention other risks, like unforeseen capital expenditures).

It would make a great rental property if I can get it at the right price.She is supposed to talk to her mortgage company tomorrow and call me back.

I suppose I wasn't clear - this isn't a rental property.