Coming from a tech background I find it easier to understand tech fundamentals better than other industries.

Way more than the numbers...market and neighborhood fundamentals are huge.

That's Fundamental Attribution Error.

I have never invested into property myself, but have been around it and know the fundamentals of how house flipping works. on the other hand I'm not sure how the cost to investment part is calculated ?

The housing fundamentals may be high, but I'm concerned about the overall state of economy possibly affecting housing prices in the mid-term.

@James Free You did a great job describing the Fundamental Attribution Error; it's one of the more common cognitive biases. 

Average growth of Income increase vs house price shows huge difference (sign of bubble)There are many U.S. cities with solid fundamentals (population growth, employment, strong local economy) where I can see potential (still below peaks from 2008s) and decent cash flow/cap rates. 

If you buy a rent-ready (or darn close to it) property and get decent tenants, that will let you learn what you really need to learn as a newbie in terms of the fundamentals- running numbers, conducting due diligence, managing tenants (or property managers).

Go to college, it’s not required to be a real estate investor but you will learn fundamental business concepts that will be invaluable for your future.

In this case, you're fortunate that Kansas City is a very strong market with good cash flow (if that's your objective) and strong economic and demographic fundamentals.