I also managed to finance this property on a 15 year amo, so I was able to build up some decent equity when I sold it in 2017 for 275k. 

Three properties with mortgage pay-down, appreciation (equity build up) and monthly cash flow sound a lot more attractive to me than 1 property with a lot of equity but contributing nothing usable to my bank account.Even for season investor, wouldn't you want to have the most use and control of your cash?

@Joanne Hanson Between now and when you purchase take the time to build up your cash reserves and learn the ins and outs of the different markets you want to consider buying in.

Where at specifically are you looking in KS and MO?

My business and partner have been investing in Topeka, KS residential real estate for the last 13 years.  We are very interested in stepping into a small MHP +\- 30 pads in the KS or MO area.  How are these types of p...

"No Cause" Termination is a simple way to go and can't be contested and is an effective way to remove a tenant (not allowed in King County).

However, like the others have said make sure you will have solid cash reserves to start off with so you don't get burned with an early expense that you don't have the money for in order to give yourself time build up reserve funds. 

I bought a 6-plex in Kings Beach, CA using exactly the same method.

We are new to this setting and looking to learn while we build up our credit and funding.

Let’s work hard and build up our path like the other amazing people here in BP!