Has the Kansas City market become too flooded with investors?

[William S.]

I'm originally from Lawrence and bought my first house and my first rental in KC less than a year ago. I've noticed home prices have gone up significantly and the neighborhood I own in appears to be now flooded with out of state investors. I think a hedge fund has bought multiple rentals in my area as well. Lots of people paying over asking (California investors). This means higher prices and more competition for good renters. As I look to move forward I'm not seeing the numbers line up anymore. Thoughts?