KCMO is a great, though quite diverse market.

While I can't speak to the financial merits of the plan, it might be worth reaching out to owners of tiny homes who are renting them out on Airbnb to gain some strong and diverse perspectives.

They do not provide meaningful oversight or guidance with respect to tax code compliance.A checkbook IRA LLC is an enhancement on the above structure that is generally more time and cost efficient for investors with a more diverse portfolio.

I could tell you personally as an investor I was never more stressed ,more busy and lost more money due to owning these properties and as a management company I can tell you that did not change the challenge of these properties is they are very high time intensive type business models and if you were not there to be hands-on to deal with the older properties ,higher maintenance ,month to month type tenant mindset you will not only lose money but the personal stress level you will endure will make your whole real estate experience a negative one We got to the point when we were unloading are low income properties that we actually had to come to closing with money but we did that because we no longer wanted this to be our problems.Just make sure that if you do move forward and buy these properties that you’re buying them with the strategy they will align with your future goals find a deal because you think it’s a deal if it doesn’t not align with your goals it’s not a deal it’s a diversion from focusing on why are you involved in real estate.I know because I learned this first hand and it was a very expensive and stressful mistake that I would not want anyone else to do them selvesWe have 50-60% of our investors Come to us from out of state and even though they start not knowing anything were able to help and guide them by being on their team to give them the right advice so that they understand why they’re even doing this before they ever actually buy

-nobody goes to vegas, people lose their jobs because business aren't getting revenue from the tourism.My simple advice is to invest in specific neighborhoods in Vegas with good job diversity.

Therefore, I only invest in markets with growing populations, growing jobs, diverse industries, landlord-friendly laws, and a few other criteria.We buy pitched-roof properties of 70s vintage (at the absolute oldest) in acceptable condition without major occupancy problems.

I see a ton of diversity in San Diego and hear languages from all over the world. 

@Russell Brazil thanks for the advice, I believe it could be good to have diverse kinds of properties in your portfolio but this would be my first buy, I’m not sure if it’s a good idea to start with luxury condos.

It's economically diverse, affordable, there is a fair amount of inventory and selection, it's large, the evictions are shorter than many states, etc.I am looking at properties in the 50k-80k range. 

The other metro-areas are more economically diverse and show signs of economic/population growth.