In this case, you're fortunate that Kansas City is a very strong market with good cash flow (if that's your objective) and strong economic and demographic fundamentals.

@Federico Morales  You are in the fortunate position to have a property in San Jose without the large price tag that kills the cash flow. 

I don't know about Raleigh  I do it in Portland Oregon market .I looked at some bigger plats in Charleston area.. and determined I would get killed trying to compete with DR and Lennar.. so we stick to infill where they don't play..In Oregon I have been fortunate..

But I am also very attentive to their concerns/issues and I have beautified the property and added parking since taking over from a "professional" landlord who sucked a fortune out of the property.If I had a tenant who is complaining unnecessarily then I would look to terminate their tenancy ASAP.

Fortunately, I now manage a 200 unit apartment community near Sun Trust Ball Park; it's boring and I'm loving it!

Fortunately my RE investments have returned far better than 10% return so I continue to invest in RE but I also invest in the stock market.

I did this deal many years ago and it took a fortune of cash.I worked *hit properties to get that cash.In your case, Jon, I'm going to be honest and say it is highly likely there's a mysterious allure to having a plan to buy a whole bunch of units 'way out there' as if you have discovered some really cool advantage that others have missed.  

Fortunately, my friend survived but got hit with a $70k hospital bill that he couldn't pay. 

My PM has advised me that they have a different client who has successfully fought the appraisal, but it took about 3 years, and probably cost a fortune in legal fees. 

I've took zero classes, but been approached by new investors that have spent thousands on stuff like fortune builders and so on needing desperate help.