The kids have to park on the lawn, so it looks like the ghetto and you can't even get out of your driveway, to much traffic.

As long as the location was in the path of progress, and the units themselves had already or the ability to add features like off street parking, in unit laundry, etc. 

Requires some pre-planning if the ceiling height exists. 

I know Overland Park is prime area so the appreciation is high but there is little to no cashflow.

@Greg StrunakA good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Unlikely.The backup plan is to have a strong lease.

We discovered the previous owner had dementia which explained most of the work we needed to do, Our short-term is improving that unit to rental standard, not necessarily adding property value as he and I are still drawing floor plans for Long term.Thank you!!!

What would you do with your current residence if you planned on living in the new one to get an FHA loan?

Some agents might offer flexibility, like a non-exclusive agreement, especially if you’re upfront about your plans to explore multiple opportunities.

I plan to invest into smaller multi-family 2-5 unit turnkey properties.