I have been binge-watching YouTube videos and old BiggerPocket Podcasts for the last month or so and finally decided to pay for a pro account here.My wife and I both currently work in higher education, own our own home (in NJ) and are looking into getting involved with some real estate investing.

I would chat with your lender to see how much you cash you'd be able to pull out!

I've been watching hundreds of YouTube videos to try and teach myself but I feel likes there's none out there that gets into the deep deep details of buying them.

Hope this is helpful, if you ever want to chat more shoot me a message and best of luck to you!

⭕those $50,000 properties that could be rented right away with no repairs needed (no longer exist in this market lol)   I would like this chat to be experienced investors only. 

Let me know if you want to chat.

They can also submit maintenance requests through the app and include a short video and description, which you can the forward to the appropriate service provider to start the coordination to get the issue resolved. 

I'd hire a competent carpentry crew and stay in close communication with them, have them video call you daily if possible, maybe even travel to KCMO to supervise.

I advise you to take this time to make sure you get a updated rental agreement/lease between you and him, after you do the repairs; take a long, slow video and lots of photos of his unit (& the whole building- especially rental & public areas) LABEL & SAVE the evidence in a safe place (or two!)

Some recurring advice I've seen in the "Intro to REI" videos and in the forums is to be conservative when estimating expenses, and I'm finding that makes it difficult to make any property cash flow, especially if I'm living in one of the units.For example, this fourplex: https://www.zillow.com/homedet... is only 250k (which is so much lower than most other fourplexes I've seen that it seems like there might be some additional due diligence required).