There's some decent condo communities in middle-upper class areas that you can get in the $130-160 range..  

My budget for Kansas City stands at 180,000 for either a fixer upper or a turnkey. 

Are you looking for turnkey properties or fixer uppers?

Over the last 18 years I have purchase real estate (HUD fixer-upper rent and sell, 6 unit apartment, duplex and single family home) I currently have 1 duplex, 3 single family home and a commercial building all within the state in which I reside. 

If you want to rent it out right away you would get 75% LTV and a higher rate.When you go to buy the second property, you may be able to buy a fixer upper with all cash and then refinance that one after you fix it up.This is pretty much what I did (minus inheriting the property) and I have 11 rental units now.One thing to be aware of is your debt to income ratio in order to qualify for mortgages. 

We are looking at a fixer upper house to finance via a hardmoney loan for purchase and construction and then refi to a long term rental property loan.

The upper unit needs a kitchen remodel, but other than that it's a very solid first property I believe. 

On that wall backing to the basement steps, it looks to be about 5-6 feet, I would add either lower and upper cabinetry for dishes and small appliances or a large reach in pantry maybe both if the wall is longer than 6ft.Doing this will give you a really nice big "L" kitchen plus a pantry and washer/dryer off the kitchen.

This is on a basic mortgage not any 203k or fixer upper program, actually a piggyback mortgage(80-10-10). 

Basic assumptions ...Fixer upper houses start at 75k in your market.Fixed houses go for 150-200k in your market.You are bankable and can Rent, Flip it wholesale..