In our (not blue chip) neighborhood the houses go for $2 mil now and then need a gut reno.

@Marshall Easlick Try Blue Credit Union and First Bank.

For us newbies I'd look into the further out area's like Lee's summit, Blue springs, etc.

If I just wanted to park $50k out of my own pocket in a place that I hope it will appreciate and that I know it will spin off a little cashflow in the meantime, I would choose dividend paying blue chip stocks.

I've got no idea how a blue collar worker affords a home there. 

I'm the guy who tries to get all the purples and light blues on the monopoly board.

Leverage varies by market - typically 75%-80%, rates are generally in line with banks, and the property scrutiny and underwriting time is lighter than FHA.Downside is the prepayment penalties are generally pretty onerous with defeasance/yield maintenance and there are hard net worth and liquidity requirements tied to the prospective debt service and loan amount.FHA can be used under the 223f program, which has a 35 year fixed rate fully amortizing term with rates generally lower than banks or Fannie/Freddie, but the underwriting timeline is longer and the soft costs are higher during underwriting, which means it's only economical above ~$2mm.Also of note, FHA will require much higher scrutiny of the property (because the loan term is so long), so projects in disrepair or with deferred maintenance may be in for a surprise when the PCNA comes back.Both are better than bank loans unless you can get a local lender to do a longer fixed term - some aggressive lenders will do so.

Double click their name it will populate the comment box in blue and they are notified.Proforma is pie in the sky.

Ever since then I’ve been listening to the BP Realty Investing podcast (while playing PS4 Monopoly simultaneously lol), reading books like Rich Dad, Poor Dad, The Richest Man In Babylon, and Brandon Turner’s blue Real Estate Investing book.

It's still a lot of blue collar folks who commute by car.