We have more buyers/renters than we have available inventory in every category.2) Have your money ready to go, both cash and financing.

Go on Airbnb and search for 3+ bedroom houses for short term rental, you will quickly see the lack in inventory.

This house was in a great area and at a price point that would sell quickly with very little competing inventory.

The box did state that the product was only good in the temperature range from 50 to 70 degrees but I still felt like I got ripped off.

It's always a range, so I would figure out what that number is and decide where in that range you want to be (higher end with max rents and higher vacancy with tenants leaving for better deals, lower end rents that's sticky for tenants or somewhere in the middle).

The real impact of a highly priced market is that those prices might knock deals out of the range of your cash position. 

This area is so hard now to find property within the 211-220k range.

This is my first deal by the way.Current concerns:  Duplex is on sewer and septic, property is right at an hour from my personal residence, I plan to self-manage for now to learn.The current leases are 532 and 596 (non-section 8) through March and April respectively and are below FMR which I'm seeing in the 800 range with a few cosmetic upgrades. 

BP,I'm looking at buying a SFR for 75-100k range in Texas for cash and then doing an immediate cash out refi on it. 

Kansas City COC ranges from 6-12% on the average