Is Kansas City, MO good market for OOS investors??

[Anthony Liguori]

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?

[Lee Ripma]

@Anthony Liguori

That zip code is affectionately known as the murder factory in KC. Be careful where you buy and always check demographic data to make sure there isn’t very high crime and very low income.