It might be overpriced or might be correctly priced but is not generally desirable because of the work involved. 

Hi Beau, it sounds as though you guys are looking in a desired neighborhood as well. 

Gaining valuable insights into the local market.Always consider that Jackson County has a LOT of variability in KC proper and then uniques submarkets of LS, BS, Independence, Raytown, Grandview, etc all with their own local city governments, rules and regulations, each with their own uniques submarkets of their own...Happy to chat and share my knowledge and experience.2.

The FHA rules/regs (in particular the FHA self-sufficiency test) are applied the same across all markets, and I know for a fact that in rural communities across the country, and big cities that are not particularly desirable places to live, it's not a deal-breaker, I am not commenting on those areas. 

My client recently purchased a 3/2 single family house for $160k that was near turnkey and already rented at $1900/month and in a very desirable residential neighborhood!

I’m not convinced it makes a real difference unless a person has a unique setting.

Are there any unique considerations or red flags you look for compared to the traditional rental process?

Trying to balance proper due diligence against my desire to just acquire a bunch of mediocre units!  

I had a unique perspective of how these two industries working together.While performing an inspection on a house, I got to chat with the seller and found he was a commercial construction superintendent for a large local company.

I incorporated smart home technology, such as automated lighting, heating, and security systems, which is highly desirable in today’s market.