I have watched a few BP videos and I get the concept but its hard to find "like" properties of a unique multifamily in a certain area.

It is such a unique market here (think Ontario circa 2015) and there are a ton of affordable, cashflowing rental properties on the market.

thanks for the mention karen.. every market is unique its hard to give any real feedback in markets one has no actual personal knowledge..

Ok, now that you have taken your initial step, below are some quick links to get engaged.Since you mentioned an interest in buy and hold, I added a couple links below on this niche for your review, while waiting for local connections and feedback on the Kansas City area. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/forums/categorieshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REI)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

I grew up in a real estate family.. my Dad had a niche brokerage ( land only sales) think Glen Gary Glen Ross  and remember this was the 60s and 70s LOL.. 

@Joseph Dylan GraggWelcome, take a good look at student housing see below.You might consider Niche or Specialized Housing like student housing.

Some of the additional benefits include:Reduction in current tax liability Insurance savingsImmediate increase in cash flowMinimization of recapture upon sale of the assetIdentifying disposition expensesIdentifying repair and maintenance expensesEnergy cost savingsConstruction tax planningPreservation tax credits (historical and new market)Fixed asset reviewDEIRA Reports (reduces insurance premiums, benchmarking reports, energy audits and reserve studies)Depending on the state in which you own the property, you may also qualify for state taxdeductions or credits which can be identified with a thorough cost segregationstudy.Real Estate is such a unique type of investment and pairing it with cost segregation makes it even more unique.

I then refinance the PML out after renovations with a new loan (assuming LTVs and market value allow me to do so 100%).I have come across a unique situation where my traditional strategy may need to be altered and I am looking to get a better understanding (from the lender's perspective) of tax implications of short-term PML so that I can make a thoughtful proposal to my lender.Any connections would be very much appreciated. 

Many of us including myself write about our niche.

I’m not knocking it at all, but it’s very competitive compared to many other niches where it’s easier to stand out.