You can find properties much cheaper in both markets but they will be in rough areas that won't perform well. 

Be sure they perform annual inspections and preventative maintenance services.

Most people will adjust their wants based on other things both tangible and intangible.That will give you the most reliable indication of possible performance.

@Lucas Carl I found where the horse/donkey show is performed at the 2nd stop in Mexico.

Most HML's will give you a POF letter after you met/talked with them if they believe you can & will follow through & perform.  

I tend to avoid HOA rental properties altogether because of the convoluted nature of predicting the HOA's behavior and being able to perform due diligence to do so.

In October I bought a townhouse the next town over with a similar demographic and its performing well so far.

We've been in NPLs, but transitioning into Performing and RPLs for scale.

So if you want to connect with LOCAL Investors in the Kansas City Market who invest here regularly, who know the market, who find deals, who buy houses, who fund deals, who renovation and perform maintenance, coming to a VIRTUAL MAREI meeting is a great way to do it.We utilize the Chat box on zoom ALOT so people can connectWe have break out sessions so you can TALK to real live people in the area briefly and potentially take that chat offline later in the week.We have local market updates so you know whats going on. 

Any lender can easily write you a POF or PAL, but you need to make sure they'll actually perform.