Lawrence KS vs. Kansas City

[Dar Fornelli]

Currently own one single family rental near the University of Kansas and am beginning to look for my second deal (preferably multi-family). I'm torn between continuing to buy in the Lawrence area or transitioning focus to the Kansas City market. 

Curious to hear from other investors with experience in either or both markets. Any thoughts regarding stock on the market, competition, cash-on-cash comparison, etc. would be appreciated. 

I will be moving back to the KC metro from Portland, OR at the end of the year and am ultimately wanting to live where I will focus on investment, so hoping to make a decision here soon. 

[Mike D'Arrigo]

@Dar Fornelli It depends on what class of property and neighborhood you are looking for. If you want more A class type neighborhoods, there's more on the KS side of the border. If you're fine with B class, Kansas City, MO is great. In general, MO is a little more landlord friendly, has lower property taxes and homeowners insurance and although inventory is low, there is still more inventory in rental neighborhoods than KS.