Prospects for multifamily look good, however, there is a lot of danger in overbuilt markets with compressed cap rates.

There are also operational differences -- the notion that one lender can be all things to all consumers and loan officers, in the current over-regulated & competitive "margin compression" environment, doesn't really play out. 

Otherwise, remaining a broker is likely your best option with all the volatility, margin compression, and competition right now.

The only variables are the cost of a 1031 exchange (here'a blog article we wrote for BP - https://www.biggerpockets.com/blog/how-much-does-a-1031-exchange-cost) and your capacity to follow the 1031 regs with a compressed search period.   

In looking around and reading the forums, it seems cap rates are still compressing a bit around greater KCMO. 

@Michael Ealy yes CAP rates are compressed all across the board for every asset type and class. 

I think CF is skinny on most deals that you would see in the area and cap rates are really compressed.

Many areas of the country have seen home values rise quickly in past few years, thus resulting in lower (or 'compressed') cap rates.   

Margins have certainly compressed - if you're looking to get decent returns, you need to be comfortable investing in C areas.

Cashflow of $200/month is a thing of the past in some markets, so if you are able to get that then keep on going but keep a tight pulse on the market, so that you can pivot before you start to see compressed cash flow numbers.