Directly North is still A market-Shawnee)It looks good with straight investor metrics using Fannie Mae conforming loans (25% down, 7.1% rate with a few points) and easy ARV monthly rent of $1700/unit ( I get this number based on the exact same floor plan in Raytown with complete rehab placing a tenant at $1500, and Raytown gets lower rents than Roeland Park KS.)

Based on some of the answers here, is it worth the risk?

It's crucial to understand the financials and market trends to gauge the potential value of a property accurately.One key aspect is the cap rate, which is a big player in determining a property's value based on its income compared to its price tag.

I am pretty new and listening to youtheb and podcasts as well.

They are qualified based on the properties income vs the payment.

So, unfortunately, you're likely to pay close to 20-25% on the $400,000 (based on my loose math here -- please check this with an accountant who is familiar with Idaho).

I am new to this site/forum but have been listening to the podcast and am learning so much.

I’ve seen a bunch of posts here over the past six month on BP where people seem to be betting big money (some call it investing) based purely on someone’s charm and word.

Here are a few resources that can help-ABCs of real estate, The Best Ever Podcast With Joe Fairless, and podcasts such as The Multifamily Take-Off, Multifamily Mavericks, The Michael Blank Podcast, and The Real Estate Monopoly Podcast (this is one that my brothers and I started). 

Listen to podcasts about investing.