There are investors who prefer to buy properties with paying tenants under a lease.

(Preferably 10% or less)

@Gururaj Iyer I prefer multi family for short term rentals to mitigate risk and to ensure they cash flow no matter what.

Not necessary but I prefer the mindset it gives me. 

The main reason why investors prefer real estate syndication is access and time to deal flow.

My preferred area is more north, about 3 hours away from where I am currently working.

All in all, call a good Loan Officer, preferably one local or one here on this forum to have a conversation and plan/strategize forward. 

Hi everyone, I am interested in investing out of state, preferably the Kansas City, Missouri market with a partner and looking for recommendations for some kick *** PMs in the area, also who took steer clear of?

Once you narrow down your preferred markets for purchase, hire a knowledgeable realtor who understands the STR regulations and the "sweet spot" of each market. 

As a new licensee starting out, regardless of specialty, I would highly recommend choosing a Broker who can offer the best training possible in your preferred niche.