Out-of-state Multifamily Investment in KC vs Indianapolis?

[Ali Mirabzadeh]

Hi BP,

I'm an aspiring OOS Multifamily(2,3 units) investor based in the Bay Area, California. I have been looking into KS and Indy as possible options and have done some research on them and they seem pretty similar. Mainly I've looked at the Population Growth, Median Household Income, Vacancy Rate, Median Rent, Landlord friendliness.  

I'd like to connect with some locals from both markets to get more insights on these markets and help me pick a market and start my journey.
I'm looking to start from a duplex with a positive cash flow and my main focus is good appreciation. 

woULD 

I'd like to get help on:

1. Which Submarkets I should look into that would have a better appreciation and safe? (I don't care much if one market produces more cash flow and one less in the beginning)

2. Are there any major natural disasters that I should be worried about before getting in these markets? (Indy seems to have Tornados, would this be worrisome?)

3. Do these markets have a strong and diverse economy (based on a Google search, seems they do but different sectors)?  what resources do you use to compare?

4. Which market is better for Multi Families in a long run? How I can measure this(would it be based on the inventory and building permits)?

5. Which one is better to be landlord at?

I have a few more questions, that I'd like to connect with the local agents, investors or OOS investors who have or still invest in these markets and hear your suggestions. 

Looking forward to connecting with you.