Deals not pencling, local knowledge questions for KC

[George Red]

I’ve purchased a few small multi units in the KC area and I’ve been keeping my eyes out for additional opportunities. I’m an OOS investor so I have a few questions I’m hoping leverage local knowledge on.

The further west I go in KC the multi family deals listed on MLS do not pencil out for me and the available rent does not support mortgage/expenses and leave cashflow. Are people buying these for appreciation and not cashflowing them banking on appreciation 3-5 years out?

I’ve also been looking in NorthEast off of Independence for MF and interested in people’s thoughts on the area and appreciation there in the coming years.

Thanks in advance.