I am at a loss to explain why anyone would buy investment property in any of the blue states, namely, Illinois, California, New York, New Jersey, and Connecticut.

I’m genuinely curious about this perspective.I meant this would affect Bryon City, Cosby, Cherokee, Blue Ridge, etc (Cabin/Mountain Markets in the Area).

Check out this thread on Norada Capital Management here on Bigger Pockets where out of the blue this big syndication suspended payments to all it's (many) members:https://www.biggerpockets.com/forums/960/topics/1196567-nora...  

I'm in a very blue collar working class market.

A or B+ neighborhoods: Lee's Summit, MO Overland Park, KSLenexa, KSRaymore, MO B to B- neighborhoods Blue Springs, MONorth Kansas City, MO Gladstone, MO Areas of Kansas City MO city center - Westport, Hyde Park Olathe, KS Gardner, KS C neighborhoodsHistoric Northeast - 64124 and 64123, MOGrandview, MOBelton, MO Independence, MO Kansas City, KS Areas of Kansas City, MO Raytown, MO Guide to Kansas City Zip codes B+ zipsBlue Springs 6401564014Grain Valley 64029Lee’s Summit 640686406364081Raymore 64083Kansas City, MO 641456411264101Liberty64158Northland 64152641516415464155Shawnee Mission 6621766216662196621566210Olathe6602666061Prairie Village 66205Gardner 66030B zipsGrandview 64030 Belton 64012Kansas City, MO6413764131641146411064111641086410564138Independence: 64052640556405664057Raytown 64133North Kansas City64116 64117 64119Gladstone64118Kansas City, KS6611266106Overland Park/Merriam 662026620366204662146621266214C zipsHistoric Northeast:6412464123Kansas City, MO6412964130641096413264134Independence640536405464050Kansas City, KS66102661036610466105Riverside64150D zips Kansas City, MO64125641266412764128Kansas City, KS66101FAQs: What are the main differences between Kansas and Missouri: School ratings - KS in general has higher rated schools Property Tax rates - little higher in general in KS, but some MO suburbs including Blue Springs and Lee’s Summit have high property taxes.

I'd suggest Ibonds, treasuries, and blue chip stocks with a good dividend.

Agreed  is it legal YES  can it work YES  is it much tougher than the blue sky pitch YES  just like anything around wholesaling its a tough gig it just is.

Long term buy and hold RE in good locations is probably one of the lowest risk investment vehicles IMO, similar to blue chip aristocrat stocks except even less risky because even long-established companies can go out of business but real estate very, very rarely ever goes to zero. 

Answer: yes, we're less than a 5-minute walk to the lift but you need to be skiing at blue+.

If you're considering BRRRR, the FHA 203(k) loan could work for bundled purchase and renovation, but it’s often simpler to use personal funds for lighter rehab projects.You could focus on properties with strong rental potential and manageable upgrades to increase value.