So yes you can exchange it to save capital gains taxes on $266k plus 19 years of depreciation recapture.

I know the deferment period for capital gains is almost up, but what are the pros and Cons of an OZF vs a traditional 1031?

My area is somewhat geographically bounded by various different mountain ranges and the agencies from “East” or “Down South” might get 1-2 listings a year but will likely never gain much of a foothold due to their distant locations.

What are the issues to pay attention to in Kansas City? 

There is a huge gain probably in a more efficient gas system then oil so they are already getting some cost savings. 

Network with wholesalers, check public records, and use platforms like PropStream or DealMachine to find distressed properties.Be Cautious: Pay attention to permits, inspections, and local market trends—over-improving for the area could hurt your profits.Starting with a solid plan and realistic numbers will set you up for success.

Ensure compliance with local laws, start with smaller loans to gain experience, monitor your investments regularly, and trust your instincts as you navigate this venture.I myself, as a PML.

Looking to connect with others and see what knowledge I can gain and what I can offer.

If you are looking to avoid cap gains on one, ok, but paying you a little more to become the bank is not whipped cream on a sundae to me, it's like one old walnut.

I'd pay particular attention to what @Ian Ippolito and @Brian Burke  advised you.