Would love to hear from anyone in Kansas City area about any great events or potential groups to involved in to network and learn more!

Of course, that's exactly what I am worried about, the costs involved.

The other 3/4ths of the property is an investment property and I'll bet they've been declaring rent and depreciating and writing off expenses on it for their period of ownership.

A lot will depend on what type of real estate you want to become involved with; rentals, flips, wholesaling, brrr, singles, multi-family, commercial, etc.Here are a few suggestions:  (especially for singles and small multi-family)  concentrate on the best school district, get the worst house on a great block, stop your car and get our and actually speak to people working on their yard or just sitting on their porch, eat at a local mom/pop coffee shop--sit at the counter and speak to the waitress and customers.  

I got involved in Fixing and Flipping houses as a result of the leads I got from my "refinancing" clients way back when.

If you havent seen it, I bet you it hasnt happened.I would get your lawyer to file a 30 day notice or whatever your state/county has for a lease that is being ended NOW... 

BRRRR involves cash or hard/private money and when you refi, that's the first bank loan on that investment property.

I am happy to finally see other investors in the WW area actively involved in investing but actively engaging on BP as well. 

In some communities, the HOA has to take over the loan on the property, if financing was involved, and has to make those payments as well.

My experience is it depends on where you are on the list...and if you try to foreclose, you need to send notice to all parties involved.