Shawnee, KS Buy/Hold Question

[Jordan Thompson]

Hi all, I'm new here but interested in real estate. A contact of mine has approx an acre in 66203 (Shawnee, KS). City has the home (4 bed/2 bath) valued at ~$170k and realtors are suggesting $230k (3-5 day sale). I'm interested in a buy/hold/rent strategy but am needing a little guidance as I do not have $170k-200k liquid. We are local to 66213 and have watched our home value skyrocket, so I'm far too aware of the excitement surrounding the KC market. Thank you in advance for any and all assistance!