10,000 Calls Made Where I started 2024 and where I am finishing, two difference places. 

Hey Scott, Kind of late to the convo.

So consider how long the lease-up will take:Is there so much rental demand that you can show it during the late stages of reno and get a lease signed?

Renovated: Added granite, high end finishes and fixures, landscaping, new flooring and painting throughout.

Affordable relative to the rest of the US so great place to work remote or just enjoy a reasonable life without being hugely cost burdened Cons: A lot of older than 1980s construction (you 100% can be successful with these properties just have more to check during due diligence) Need to be mindful of market rents in the area and not overspend on renovations where there is not ROI to do so, you can’t usually exceed $2 sf on rental rates and average price per sf is 1.25-1.5 sf (neighborhood, unit type, and finish level specific).KC is not a boom and bust market, you don’t get the high highs or the low lows.

I ended up spending some extra time making the finished basement legal (add insulation and egress).   

Copies of copies of fake pay stubs and bank statements are a real problem lately.

Even if you’re not an agent, staying connected with local agents can open doors.Exploring Older Landlords: This is something I’ve been doubling down on lately.

Quote from @Anne Gel: @Russell Brazil: I'm coming to the party late, but I don't get it - what do you mean by higher casflow = more risk?

If it was me...I'd check with zoning to find out how many dwelling units I could build, and I'd find what the requirements are for those units (type of house, height and setback restrictions, etc.).Then I'd find out what local builders think the cost to construct would be - just get a cost estimate per square foot for 2 or 3 different levels of finish.