I still think this is just like factoring accounts receivable .

. #1 is the primary reason, but #2 does factor in as well.

The discipline to run on a budget for a number of years or decades depending on your math, doesn't factor in emergencies or market changes where the HELOC could be used to invest in other places.

The only thing that I see missing if they are purchasing with hard money debt they may want to factor in 3% - 5% for closing costs (points, fees, title, etc) Thx Zachary!

Yes, I use Zillow reporting as a start and look at other factors.

The market is always evolving and there may be good deals to be had near term or you may need to wait a while, depending on many factors like interest rates etc.

Rental competition seems like a big one, but I’d love to hear how you weigh other factors too.Thanks again for sharing your experience—it’s really helpful!

The ideal location for your first investment often depends on a combination of factors like budget, market growth, and your personal goals.

I'm in Iowa and while not KC, I think the factors are probably similar being in the Midwest. 

I could be wrong due to glancing and it is only noted here as some investors may evaluate deals with that as a factor.