As a result, there has been a sudden influx of individuals making healthy salaries that price the average worker out of the area, thus pushing other residents out of the state.

Success for me is a combination of being Healthy, Wealthy, and Wise!  

There's nothing wrong with that deal, for your first that's a nice level of return, healthy challenge with renos & conversions, & not getting yourself too in over your head.If you're hiring a property management company for something that's 2-unit or less it's definitely going to be a bit more challenging from a cash flow perspective, that's just reality.  

Becoming an agent is not difficult, but to get your license you need to work for a broker who supervises you and they will take a healthy cut of whatever you earn.

Kansas City has population growth. ( http://worldpopulationreview.com/us-cities/kansas-city-population/)Kansas City makes up 32% of the KC metropolitan areas population, and the region’s growth rate was at a very healthy 11% from 2000-2010.

And make sure the HOA financials are in good order, healthy budget, reserves, etc. 

This is not a bad thing as long as it is a healthy correction and soft landing.  

I am a weird dude, clearly you are unafraid to put yourself out there with humor, and that's healthy.

. $115k is a healthy budget for a duplex.

It is a great rental market where you can fairly easily hit the 1% rule in small MFs, and there's a healthy tourism industry here with everything from the Alamo to Seaworld, etc. that help with short term rentals, though the majority of the STRs in and around town cater more towards people just getting away from Houston or Dallas for a weekend in the Hill County