I’m currently looking to invest in Kansas City, starting with a few fix-and-flips and eventually getting into residential development. 

Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.

I am a newbie in BP, just started listening all the podcasts, fascinated by the community!

Therefore start with the min. requirement your lender will accept and see if that matches up with what your partner is willing to accept.

If there is not one in your area, look for the closest biggest city or consider starting one for your area.3.

Starting to get competitive though for investment properties because of that reason you have more and more people entering the market from out of state.

I'm learning about PadSplits and am interested in getting started with PadSplits in Kansas City, both MO and KS.

when will you start to "profit"? 

5 units+ could be a good place to get started.

We started raising the rents on the 3 and 4 BR units until the rate of leasing slowed to a normal pace.Fast forward two years and we found ourselves with higher vacancy on those same units.