Often you can find something that maybe has a value add opportunity to re-do the footers on say a porch, or something to that effect. 

I sometimes jokingly say "A good education only makes your life more complicated".

 You're not counting any expenses in your "profits" yet in Kansas City you say a person can only make 150 cash flow.

The neighborhood is what I would say a D neighborhood by the way.

A Laurel Oaks does not have the life cycle of say a Live Oak.  

Speaking with my agent, she thought 1200 was safe, 1300 would have to be really nice, like you say. A

(this is speculating). with the equity, it would allow you to pull out say a HELOC and use the cash for flips if you're interested in that or a larger down payment on other properties.

If a co-operative needs, say, a new elevator, it can borrow the money, using the building as security for the loan.

@Peter KimAs has been mentioned you have the low/high cap rate and who it benefits backwards.It's an inverse relationship.A high cap rate is good for the buyer because they get a good return on their money.A low cap rate is good for the seller because they get a higher sales price relative to the NOI of the property.To use some numbers to illustrate the relationship.Let's say a property has an NOI of $100k.At a 10 cap, that property is worth $1M; 100k/1M= 10%At a 5 cap, that property is worth $2M; 100k/2M= 5%So from the buyers perspective they obviously want the higher cap rate, just as the seller wants the lower cap rate.

Also I do realize that everyone is different, but from your experience, would you say, a SFH or Duplex is a better investment?