However, we also recognize the time value of money, so while it might pencil out to turn a profit, but we get an immediate payback versus a six to nine month holding time, it might make more sense to sell them both as bare land.  

Are you comfortable analyzing ARVs, purchase price, 70% rule, rehab costs, holding costs, etc

However, if you start holding properties in an LLC, you don’t want to flip properties in the same LLC.

.: Quote from @John Williams: Here's why I don't like the 1% rule...A buy-and-hold investor should think long-term. 

@Dennis Bragg I especially agree with you that "thinking about older buildings.. some folks underestimate how well older properties can hold up".

Do you provide move in and move out reports How many pictures do you take of the property prior to tenant moves in and after the tenant moves outDo you get weekly reports when the property is vacant what prospective tenants are saying about your homeDo you provide monthly newsletters to your tenantsDo you hold investor education classes to help me become a better investorDo you have single point portfolio based management services?

So I would rephrase the question as: what are the pros and cons of Kansas City for buy and hold small multifamily when my goal is cash flow or what are the pros and cons of Kansas City if my goal is fix and flip SFH with large margins on each project.

I am confident that I will be able to refinance the remaining seller note principle with private money to allow me to hold off on putting more money in the deal.

Again, I believe this would hold true in most urban type markets.Let me know if that helps answer your question or if you have any follow-up questions to this.

Investment Info:Single-family residence buy & hold investment.