I remember a friend of mine a few years back who tried something similar in the outskirts of San Antonio.

I got a similar request today.

We haven't invested in Orlando yet, its similar to Jacksonville, although maybe rents haven't dropped as much.

I'm in Iowa and while not KC, I think the factors are probably similar being in the Midwest. 

My larger property scales up similarly. 

A PMC is similar to any other business where there are lots of pitfalls, too many to name.3.

Rates can be very similar to those of conventional financing (Fannie/Freddie - full doc loans that you will need to prove income to get), but typically a little higher than conventional financing. 2nd - Networking and partnerships! 

I ran into a similar issue back in 2021 when I got started while living in San Francisco.

Years ago, a friend of mine took on a similar challenge in an older neighborhood near Chicago..he opened up the top floor to create a master suite that felt less like a converted attic and more like a boutique hotel room.

I had a similar experience in San Diego with a fourplex that came directly from a builder connection.