Define your investment goals, familiarize yourself with related terms, evaluate your financial situation, begin small, investigate markets, establish investment standards, cultivate professional connections, carry out exhaustive due diligence, investigate funding alternatives, and determine whether to manage the property on your own or by hiring a property management company.Decide what you want to achieve—stable cash flow, long-term growth, tax advantages, or all of these—and dedicate some time to learning about them by reading books, using the internet, taking classes, and attending seminars.

@Andrew HeimannTo invest in Kansas City real estate, you need to be self-educated, have clearly defined goals, know how to relate, start from a small beginning point, seek advice from professionals, and carry out a thorough research.

On page one of this thread after John stated it was illegal, I specifically used the term simultaneous closing and defined what that is.

@Carlos Oliva, there is honestly no crystal clear way of defining "commercial" versus residential.Residential is the end use.  

@Derrick Lind,  depending how you define "Title search" it may not even include the information of whether the property is land locked or not.

@Peyton LaBarbera - From my experience doing foreclosure auctions in CT, you need to have a cashier's check for 10% of the "appraised value" which is defined in the foreclosure writeup.  

Hi Friedrich,As was mentioned a few times, defining your investment objectives is crucial so I'll add educating yourself on those objectives as well.

.—(1) When a deed or other recorded instrument in the chain of title contains restrictions and covenants running with the land, as hereinafter defined and limited, the restrictions and covenants shall survive and be enforceable after the issuance of a tax deed or master’s deed, or a clerk’s certificate of title upon foreclosure of a tax deed, tax certificate, or tax lien, to the same extent that it would be enforceable against a voluntary grantee of the owner of the title immediately before the delivery of the tax deed, master’s deed, or clerk’s certificate of title.

If you are interested in an area, look into renting a LTR from a responsible landlord and, with their permission and clearly defined (in writing) roles and responisbilities, then sub-lease their unfurnished rental as an MTR once you furnish it and get it ready.

This is not a good deal as I define it.