Define your investment goals, familiarize yourself with related terms, evaluate your financial situation, begin small, investigate markets, establish investment standards, cultivate professional connections, carry out exhaustive due diligence, investigate funding alternatives, and determine whether to manage the property on your own or by hiring a property management company.Decide what you want to achieve—stable cash flow, long-term growth, tax advantages, or all of these—and dedicate some time to learning about them by reading books, using the internet, taking classes, and attending seminars.

Does not cashflow great as my other long-term buy and holds but got some build in equity off the deal and property is located in a desirable location making it a great component to my overall portfolio.

@Andrew HeimannTo invest in Kansas City real estate, you need to be self-educated, have clearly defined goals, know how to relate, start from a small beginning point, seek advice from professionals, and carry out a thorough research.

I came back to this forum for 1 reason, to be at least 1 little component in helping those that are climbing up. 

On page one of this thread after John stated it was illegal, I specifically used the term simultaneous closing and defined what that is.

They don't necessarily break down all the components and then charge you a fee to manage it, etc.

@Carlos Oliva, there is honestly no crystal clear way of defining "commercial" versus residential.Residential is the end use.  

@Derrick Lind,  depending how you define "Title search" it may not even include the information of whether the property is land locked or not.

@Peyton LaBarbera - From my experience doing foreclosure auctions in CT, you need to have a cashier's check for 10% of the "appraised value" which is defined in the foreclosure writeup.  

That rental money reinvested into these value add components should theoretically have a 3-5X, or more, return.