Have you formulated a marketing plan to find the properties to buy?

We need more information in order to formulate an opinion.Who is the landlord on the Cell Phone Tower agreement?

Pick one area that sparks my interest (multi-family rental properties) and learn as much as I can to formulate a plan and then ways to execute that plan.

I did consider buying property in other states where real estate is cheaper but never really formulated a real plan. 

I'm starting to formulate mine.

I actually have my own formulated deal analyzer that analyzes the property as a rental, rehab or whole tail. 

I am a new investor in the Kansas City area and would love to connect with local investors and begin formulating my team.

Start with the end in mind and formulate a plan, and I'm sure you'll do fine.

I can suggest @Gregg Yearwood from Chicago https://www.linkedin.com/in/greg-yearwood-21767722/On such a small property I would perform your own Capital Needs Assesment utilizing local trades and formulate a replacement reserve plan.

Why I haven't taken the plunge yet to actively searching or formulating anything, (kudos to you for acting) knowing what you want, comparable cap rates and estimates of cash on cash returns would  give one a quick filter to screen out properties before looking.