In addition to the mortgage, property taxes, and insurance, the projected calculations are taking the following expenses into consideration (5% rate for vacancy, 5% for repairs/maintenance, 5% for CapEx, and 10% for property management; otherwise the income figures would be higher. 

Industrial part of town, for sure. 

Buying a primary residence with an eye toward investment is what I usually recommend for first-time investors, but there are many paths to success in this industry. 

Make sure the HOA doesn't have restrictions on vacation rentals. 30% is industry standard in most places.

For instance, if you paid all cash for an apartment building and you received a 7 cap, but you could buy an industrial building all cash and receive an 8 cap, then you would in theory rather purchase the industrial building.

President Trump will likely legalize marijuana making the Cannabis industry all but certain.

One good thing about both of these is that there are other industries that can help drive growth and limit a recession if military spending goes down. 

There are often hidden costs--such as: engineer certification of the structure (depending on what the city requires) smoke damage to portions of the unit(s) that are "not affected" additional insurance during the rebuild, sealing the framing that has smoke, etc. 

Kansas City is one of the best cash flow markets in the country due to affordable prices, strong rents and reasonable property taxes and insurance.

How can I jump into the industry?