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Updated over 4 years ago,
Is Kansas City, MO good market for OOS investors??
I ran into a property that was seller financed and seems like a good deal.. I was told that the house is a non- conforming property and would not qualify for conventional financing (which is OK with me) . It was a one family house made into a small tri-plex.. My question is, is this normal for this area (64130) zip code. I read that zoning officials can cause problems if they are made aware of this and that couldn't potently ruin cash flow.. I also was told this is very common in this area and it wouldn't be a problem. any insight on how this market is? The house is a new rehab and potential rents would be $1320 for a 3bed/1bath, $850 2bed/1bath, and 1 bed/1 bath $750.. is this the going rate for rent in this area? all this information was from the PM/owner. Should i be worried about Zoning officials in that area?