It’s not going to make you money in fact, youd be better off flipping a house in Ahmerst or Clearence or Orchard park paying full market price for it updating a kitchen and bath and then re selling it for 60k more.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

They have plenty of capital and just looking to park cash while diversifying.

You may have some extra costs, like dumpster versus city trash collection or parking lot sealing and striping from time to time, and possibly different building standards if you are doing major renovations, but day in and day out they are very similar.  

Quote from @Nate Marshall: Quote from @Kent Parks: Quote from @Justin Buswell: I am a member/subscriber of Pace Morby Subto, Limitless Deal Flow, and Gator.   

After buying this house, I partnered with others to invest in a duplex in the Wichita area.At the moment, I’m living in Tennessee, and I’m weighing two options: either selling my house and using the proceeds to buy a duplex in Overland Park or Wichita with my partners, or keeping the house for another 3 years, transferring it to our LLC, and renting out the entire property to maximize its rental potential ( $1400-$1600 ) I currently owe $200k on the property with a 6.5% interest rate, and my monthly payment is between ($1,700-$1800).

I take my dog to see his friends at the dog park every morning and usually take an hour or two nap in the afternoon most days.

I know Overland Park is prime area so the appreciation is high but there is little to no cashflow.

I was in Bay Park / Clairemont a few days ago to look at a trust sale fixer.

The investigation will ask for pictures of license plates on vehicles parked in the driveway, witness statements, and unannounced visits by the County to investigate.