Here's the dilemma: there are PLENTY of other municipalities in KC metro to shop, and so far, my strategy is to avoid KCMO proper (it's always been tenant friendly since I started following a decade ago, but created a whole new dept in the wake of affordability crisis-- see this press release from earlier this year).

In a hot market where buyers bid war prices to above asking, so many buyers have been shot down by the banks telling them the property appraised at significantly less than asking, got told a cash amount they needed to make up the difference, and they couldn't afford that cash requirement. 

Meanwhile, next month he starts neglecting rent payments all over again.I always found that GOOD tenants love the flexibility that the MTM lease affords them if their personal or work situations changes.

It seems to me that tenants are no longer able to afford the high level of rents they used to pay.

You would be out of money and not be able to afford those things.

Many decide to invest out of state because of affordability of properties and more potential properties available.

What is the need for affordable housing in area?

I can afford the 25% down payment, so that is okay - just thinking if I can find a renter in that area for the most part.Thanks!

Your network will help you rehab affordably (which is crucial to make investing profitable) and give you experienced people to review your numbers on deals. 

Just remember, not everyone can afford market rents and you may not be able to afford all 3 units empty at once.