First time investor looking into LTR in Leavenworth, KS?

[Laura Yarbrough]

Hi all,

I'm a first time (out of state) investor looking to purchase something in the Kansas City Area within the next few months. I'm considering self-managing via long term rentals, and many of the homes in this area seem to meet the 1% rule. One of my questions is regarding leavenworth, KS. It appears to be a low crime area with decent 3Bed/2Bath houses in the 150~200k range, which we could currently finance via DSRC loan. Rents look to range anywhere from ~1500-2200 in this area, but I'm wondering more about demand and whether or not it's a good area to invest in?

Any thoughts or advice for other areas to look into would be greatly appreciated. We've already contacted lenders but I want to have a good understanding of the city before I contact a real estate agent.