The property might not see natural appreciation over time, but you could always force appreciation with a renovation.

My plan is to buy and hold.PUB02121 of the MO Department of Natural Resources states that “demolition or renovation to an institutional, commercial, public, industrial or residential structure (excluding exempt residential structures as described in the preceding section) will involve greater than 160 square feet, 260 linear feet, or 35 cubic feet of regulated asbestos containing materials, then the removal of the asbestos is regulated by the department” but the City Planning and Development Guidelines for KC state “any person undertaking the demolition or renovation of any structure shall employ Missouri registered contractors and certified workers”.It seems to me that the city regulation requires you to contract a certified asbestos abatement professional while the DNR will only require this action when meeting a certain threshold of asbestos material but I am not sure.I should add that I am not an experienced real estate investor nor do I work in the real estate industry but I want to go into this with my eyes open and I am sure I will have many more questions in the future.

Seasoned investors, and of course anyone that has knowledge in real estate. Can you guys think of as much real estate terminology you guys know. From the basics like hard money lenders, different loans, to different r...

Appreciation, both forced (rehab) and natural (market, time)4.)

I am eternally grateful for this organization and this community and never hesitate to broadcast it to anyone that shows any interest at all in REI and has a willingness to listen.I look forward to interacting with all of you and sharing any and all success and learning experiences I encounter!

I've seen people mention looking at employment rates and projected employment rates, population growth/decline and things of that nature.

Typically more simple in nature because often it's only 1 person operating the software. 

People respond to voice to voice interaction.  

You do not get the opportunity to see the inside of the home or get it inspected or anything of that nature.

You still want to buy the normal hazard coverages (fire, wind, hail, earthquake, or whatever natural disasters tend to occur in your area.)Another difference is that you probably don't need any loss-of-use coverage (i.e. hotel expenses if your house is damaged.)Most residential providers will have a policy that is tailored more towards rental homes in the way that I describe above.