However, they're are PLENTY of diverse areas to invest in rentals in the city right now.

As for promoting yourself to potential investor buyers, it seems like you need a little focus. 

@David Calme @Brian Eastman may not be able to recommend himself because of BP's self-promotion rules, but I can recommend him.

I would consider adding an acquisition fee of 2-3% on the total capitalization (debt + equity), management fees & a promote (anywhere from 80/20 split of profits to a 50/50 split as some have suggested). 

You really need a working knowledge of the city and its diverse neighborhoods.  

A quick look through any days thread titles here on BP will give you a wonderfully diverse range of topics for you to add to your education and research, mostly relevant to the USA specifically. 

It seemed that this method is not promoted by and large on Bigger Pockets, due to some investors giving this method a bad rap due to misuse.

Kansas City has a pretty diverse economy.

I haven't contacted the association yet, but since this is in an older building in a diverse up-and-coming neighborhood, would you factor this into your decision whether to purchase the property or not?

Historically this has proved very reliable long term but especially the property prices have experienced short periods of depreciation (virtually always less than 5 years) and longer periods of stagnation.I make no claim as to continuing property appreciation as I could make a decent case for the RE market entering a period of stagnation, the market continuing to appreciate, or the market to depreciate some.However, I am still confident of rent appreciation in my purchase area (San Diego) for at least the next few years: 1) rents lag property appreciation. 2) vacancy rate is real low. 3) cost to add more than ADU is high - it costs around $100K to break ground for residential in San Diego (permits, surveys, etc.). 4) Minimum wage increases already approved. 5) one of the best weather climates in the US. 6) rising population: one recent study had San Diego as 13 highest population increase of large US cities. 7) geographically constrained: Constrained by Mexico to the South, Pacific to the West, Camp Pendleton to the North, and the East quickly gets harsh. 8) good and varied employment: Hard to imagine an employment category melt down that could impact the range of employment in San Diego. 9) environmentally diverse from mountains to desert to beach to happening urban center.Last weekend I sent out 2 rent increase notices.