Since there are technically 2 cities called Kansas City and they are located in different states (with different laws and building codes), it's very important to distinguish between the two, local referred to as KCMO and KCK.So, a long way to ask, are you interested in real estate in KCMO or KCK to start?

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

@Jim LynchSome typical minimum tenant screening requirements look like the following, but it depends on your market:-Renter has a gross monthly income of 3x more than the monthly rent-Minimum credit score of 650-Renter must have no prior evictions-No felons (or other notable criminal history)There are a number of different tenant screening softwares out there such as Zillow Rental Manager, TransUnion SmartMove, etc.Be sure to complete an employment verification by contacting the renter's employer and confirm the details they shared with you, landlord verification (if they have a previous landlord), credit check, and background check.

The rates vary throughout the State because of the different millage rates and tax districts, but in Richland County for instance, the taxes essentially triple once it goes from legal resident to non legal residence. 

Are saying it's a better idea of figuring out and going after a specific niche or group of people who have a reason to downsize or need a different type of home?

All the confusion comes from the fact that there are so many different parties that have a say, as to what is a "bedroom".

For example, we do a lot of work within Philadelphia and Pennsylvania (both have different standards regarding legal/safe lead-levels).

If you do consider working with them, make sure to:Conduct thorough due diligence.Factor in higher-than-usual turnover costs and eviction rates.Understand their incentives and fee structures.Or, you might save yourself the frustration and look for a different company.

Pick a different area to look in.

A key lesson here is buying at the right price; overpaying by $15K can make a big difference.