When I analyze properties for clients, I look at geography, demographics, walkability, and property features including size, condition and amenities. 

Ask around research, look at prices raise and fall, see recent sales, newspaper articles, call local agents, post on BP, do a economical analysis and demographic of the area see where it's going.

You have provided nice demographics that provide no information as to the value of the property.  

@Chase McEntee  on rents between 800 and 1000 or so if you use 50% for operating cost then deduct mortgage... you should be in good shapeoperating costs include PMmaintvacancytaxsins.reserves for capexif you do better wonder ful.. but when folks run with 30% or so on a PM management property they are usually not happy ... rare that you can make a PM property run at 30% at least in the middle demographics and certainly anything HUD

Those things being equal, I prefer Kansas City because I believe it has stronger economic and demographics.

Each room is different one looks like a cave, one like a beach cottage and so on just research what that particular demographic is into, You might have to update the place more often but if your getting 2500 a month on a place that might rent for say 700.00 a month is could be doable. 

You can check out demographics by zip code with google and you can get an ideas of crime rates on line as well.If you are going to wholesale properties I would encourage you to do your homework as if you were going to invest your money at the sales price you would hope to get.

So far I have: Demographic trends, crime, property prices, rental rates, tax laws, property laws, and % of properties rented vs. owned.

That will include keeping repairs, your offer price, and the demographics of the area in which your purchasing in mind.

You need to compare apple to apple in terms of job growth/demographics/population stats/neighborhoods etc for both cities before narrowing down your choice of place to invest.