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.

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

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

Biggest resource is yourself - know what you are talking about - create or buy spreadsheets to share with your investors, analyze the properties for them and provide them with info - whether they use it or not they will appreciate it and learn to respect you as their agent which will allow you to keep them forever.I work predominately with investors and can gladly speak with you anytime about how my team goes about this.Cheers and rock on!

I live out of area, but interested in buying a multi family in Little Rock.

looks good, just make sure your ARV and rehab costs are rock solid.

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

If it is sheet rock, it's stick built.

They don’t want rock the boat and find new renters or do turns so they leave the rent in place.

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