For costs, you’ll typically need to budget for title insurance (usually around 0.5%-1% of the purchase price), attorney fees (varies but can range from $500-$2,000 depending on the complexity), and closing costs (might include recording fees, escrow fees, and other admin costs—generally $500-$2,000).

PLUS, if a bank decides at the last minute they don’t want to borrow you money for a new type and price range of property for you.

I might add, your entering range to reap cap-x expenditures so this cash-flow is soon to be significantly depleted/off-set via those expenses. 

This can range from local real estate clubs all the way up to multifamily specific events such as the National Multi Housing Council’s annual meeting.

Quote from @Jinglei Shen: I am building my investment portfolio(duplex) in Ohio Cleveland, a few properties i have analyzed  with net cashflow  around $100 to $290 here is one deal I am analyzingDuplex generates $1590 income /month together,purchase price $123,000rate 7.5%, downpayment 25%5% vacancy, 10% mgm fee, $1400/year insurance,10% capex, 5% maintenance,COC is 8.73%monthly net cash $277this deal meets1% rule, bring in positive cash, my question is it in normal range in Ohio Cleveland market? 

Guide to Kansas City Zip codes B+ zipsBlue Springs 6401564014Grain Valley 64029Lee’s Summit 640686406364081Raymore 64083Kansas City, MO 641456411264101Liberty64158Northland 64152641516415464155Shawnee Mission 6621766216662196621566210Olathe6602666061Prairie Village 66205Gardner 66030B zips Kansas City, MO641056411464111Kansas City, MO641376413864108641116413164110Independence: 640556405664057North Kansas City64119Overland Park/Merriam 662026620366204662146621266214B - /C+ zipsGladstone64118North Kansas City64116 64117 Independence: 64052Raytown 64133Grandview 64030 Belton 64012Kansas City, KS6611266106C zipsHistoric Northeast:6412464123Kansas City, MO6412964130641096413264134Independence: 640536405464050Kansas City, KS66102661036610466105Riverside64150D zips Kansas City, MO64125641266412764128Kansas City, KS66101Median income is certainly a big part of it, but even in the $50k range, I would still put that as B- at the best.

Additionally, some landlords are still waiting on over $5,000 in payments from the program.This market is right in my backyard, and it seems like a good place to start, as I can afford to buy homes in the $65,000–$80,000 range and am familiar with the area.

I figure the upside to the rental scenario is, of course, investing in multiple properties, while a downside would be having to most likely get a conventional loan on the second house with 20+% down and proof of sufficient enough financial reserves to handle two mortgages. 

My concern is that without that amount of personal income available I would have difficulty establishing a sufficient amount of reserves for emergencies.

What are the stats on properties there, price and rent range.