Court house steps was foreclosure purchases and sub to purchases to flip.. we hold now long term rentals..

If you buy and hold, time will make you look like a genius.

So I would rephrase the question as: what are the pros and cons of Kansas City for buy and hold small multifamily when my goal is cash flow or what are the pros and cons of Kansas City if my goal is fix and flip SFH with large margins on each project.

I needed to prove to myself that it’s possible to go after the larger deals without holding back due to fear or lack of confidence.

Down payment should be about the same (20% on a buy-and-hold) but you'll see an additional $3-$6k on average in CC and the ability to keep it off of your DTI/Personal credit along with hopefully no more hard inquiries on your credit (many lenders will accept/perform a soft pull).

However, we also recognize the time value of money, so while it might pencil out to turn a profit, but we get an immediate payback versus a six to nine month holding time, it might make more sense to sell them both as bare land.  

Our bank will let us use equity that exceeds 25% across multiple properties that are either owned free and clear or where they hold the first so long as the deal still cash flows with however much cash is brought to the table.

Cozy is notorious in holding your rent for over a week with the free plan.

.: Quote from @John Williams: Here's why I don't like the 1% rule...A buy-and-hold investor should think long-term. 

Or are you looking to buy and hold for long term wealth down the road?