Funny thing is the bank's appraisal always came back the same exact amount as the city regardless of purchase price.

Here's the question: Is it a red flag if you find a city that has many multi-family listings that seem profitable, but has A LOT of listings city wide?

how do I determine which market to begin my real estate investing strategy - seeking small multi family units with positive cash flow of $100/unit of more

Hello bp members,I was just browsing at 2am and I came across a town house in the area that I am actually looking to move to in my city.

Some strong areas I see are Indianapolis, Kansas City, Philadelphia, and my backyard - Chicago.

I have experienced the city, but she never has. 

Obviously the best and most long term option would be to have the city come in and sub meter the property.

I usually pull minor alteration permits if the job allows, so I have less experience with permits with plans, but this is what I budget:   1 month for Arch, 1 month for the city to review. 

Louis City Hall, as that's the only address I gave it.

I'm looking to buy a few rentals in Kansas City in 2019, but am frequently warned of the dangers of out of state investing.