Buying land is simple there is due diligence that you need to do but not a ton.

Hats off to you for your diligence!

Due diligence is key before you sign on the dotted lineBuild a network of a great property manager, lender and maintenance teamDepending on your budget, I usually would start with at least a duplex, triplex or quad.

Affordable relative to the rest of the US so great place to work remote or just enjoy a reasonable life without being hugely cost burdened Cons: A lot of older than 1980s construction (you 100% can be successful with these properties just have more to check during due diligence) Need to be mindful of market rents in the area and not overspend on renovations where there is not ROI to do so, you can’t usually exceed $2 sf on rental rates and average price per sf is 1.25-1.5 sf (neighborhood, unit type, and finish level specific).KC is not a boom and bust market, you don’t get the high highs or the low lows.

Regardless of the due diligence the buyer performed.  

If you do your due diligence and do it right, losing money with trust deeds is almost impossible.

Just like when evaluating a potential purchase you should be performing the same due diligence with rents.

It takes some serious knowledge and work.I would not buy into an SA wine business without getting boots on the ground and doing some due diligence.

Situations like this highlight how important it is to work with reputable lenders and do thorough due diligence. 

What’s your timeline for due diligence?