All too often you hear how property management isn't profitable however, there are far too many successful companies out there for this common misconception to be true. 

I try to correct misconceptions about all aspects of real estate.I certainly don't do in on every post but I regularly tell people that wholesaling is much harder that you've been led to believe.

Ah, a misconception.

I was just making my point that there is a generally held misconception among lay persons, and many lawyers even, that forming an entity properly is this simple endeavor that anyone can do.

Another seller has several small lots and a big misconception of their value.

A common misconception is that by pricing your unit above market, you can get a better tenant.

I must however clarify what I think many people have a misconception of... that an agent (in this case you state the buyer's agent) doesn't or didn't do much.

Because of the fixed misconception, many people start to save for the house at a very late stage in their career and they eventually lose on the various investing options.

I'm just clearing up that misconception. 

I'd say it's because of the price range is how 50K was the profit, maybe not any fast talking, marketing mad man spreading misconceptions.