Is This Possible!?!? 30K~35K Properties W/$250$350.00+ Cash Flow?

[Daniel F. Harb]

Question :

I am still fairly new to BiggerPockets (2+ months) and I am gearing up to start investing OOS. I am searching in 4 different States and trying hard to do heavy due diligence. I am seeing here and there properties that are said to be selling from the $29K range up to the $40K amount that are stating that after ALL expenses there will be a $250.00, $300.00, or $350.00 positive cash flow. This sounds pretty incredible, of course.

IS THIS POSSIBLE?

Still being new, I am just humbly asking from all members and experts if this seems "Pie in the Sky" numbers for me, or if I am missing something? I would love to purchase properties like this all day long, but being new, and especially living in Orange County, California, I simply want to understand if these things are true, and if this is possible after all expenses, INCLUDING property management.

Thank you in advance, BiggerPocketeers, and Merry Christmas!!

Daniel F. Harb, ARRT, RT(R)