Dishes are the biggest conflict in almost all roommate situations.

I would not recommend them as their points and interest rates are so high it is extremely hard to find a deal that will work with the 0% down.

First flip with good margins and intending to do more in the realm of real estate?

U will never hit the numbers ever in renovations as there is no way to know the unknown.. just make sure there is plenty of margin above you all in price and cost of capital. 

Holding LTR in san diego on a new purchase is challenging not to be large negative at high LTV.  

You should see some of the houses I've rehabbed or walked. ya thats maybe a 5 on a scale of 6.. the really bad ones you need a resperator to go into them.. and people worry about a little dab of mold these folks live in a petri dish.

Ideally a HELOC is used for less then a  year project where you can refi or sell to pay back the HELOC. 5 years is a long time, things can happen and if you reduce the cashflow on both properties you'll be increasing the risk and having thinner margins.

But if you’re new, relying on that razor-thin margin of error can feel like racing the clock in a marathon you’re not fully trained for.

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.

For this deal to work under those conditions, the purchase price would need to be closer to $179k.With your original assumptions 249k, the deal is marginally acceptable but not great, given the negative cash flow in the early years.