First, think about asset protection and consider whether holding your property in an LLC or similar entity might provide liability advantages—consulting a real estate attorney can clarify your options.

One buddy of mine split his time between local flips in Greensboro and buy-and-hold single-families in Memphis.

So I would rephrase the question as: what are the pros and cons of Kansas City for buy and hold small multifamily when my goal is cash flow or what are the pros and cons of Kansas City if my goal is fix and flip SFH with large margins on each project.

It appears to hold much year round potential with the right tactics and tools.

I hold a 10 property portfolio now and would be happy to connect and knowledge share.

The Title Holding Trust or Land Trust will keep your name of the public record, but it can also complicate the property ownership and management. 

Holding high occupancy to get ready for sale.

The rate cap in January is currently priced at $747,000.The Capital Call funds will be used in the following ways:1) $4mil is being used to pay down the loan.2) $175k fee to extend the loan for 1-year.3) $2.247mil to cover interest rate cap extensions for the remainder of the hold period, including $747k for the January 2025 6-month interest rate cap purchase.4) $1,000,000 in reserves to prepare for additional extension fees and cash reserves.

I question the underwriting that shows this to be worth holding.  

Holding the property should pay down the loan and give us tax benefits.