Of course if you buy a less than good quality property, capex will exceed cash flow.

For KC I highly recommend Brown Bear on STR

How is the quality of rehab and property management aspect ? 

If you haven't already I highly recommend you check out Long-Distance Real Estate Investing by David Greene. 

Congrats, I would highly recommend Mr.Landlord website for everything. www.MrLandlord.com

For someone that's not as conservative, or a different view on the cycle, they might have a different opinion than me on all of this.2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

The areas I named are sustainable areas of great interest because of convenience and quality. 

Hello folks in Lending forum,looking to try and see about potential lending partners who can write large checks (7 figures) and are looking for very high yield (much higher vs private lending rates) and higher than HML rates.only need lending for 4-6months until large line of credit gets granted and we pay off the short term note.ping me if worth a conversation or have ideas...this seems perfect for a family office just wanting to place dry powder for 4-6mos while they are looking for other deal flow but trying see about other options out there as well.thanks in advance.

any tools that jersey locals use for our market or have helped you close on deals or watch market news, etc?

I want to ensure my taxes are solid, since I would like to be able to qualify for a traditional mortgage next year rather than continuing to work with hard money lenders due to the rather high interest rates I deal with(I still make it work, but of course more profit to be made with a conventional mortgage).Thank you!