It is difficult to separate fact from fiction. 

So let's do the math for a 1-year breakdown on a fictional property that rents for $750/m and would bring in $300/m in cash flow before property management.Costs:$750 (no rent while vacant)$750 (cost to lease)$750 (10% management fee for remaining 10 months)$2,250+ $3,600 (Annual Cash Flow Before PM)- $    750 (Lost Rent While Vacant)- $1,500 (Paid to Property Manager)       $1,350 (Actual Annual Cash Flow)... and this is only if the Property Manager never does anything except for collect the rent!

@Chris Dawson I lived in Prairie Village Ks for a lot of year and still get back to KC from time to time.

The listing says "buyer to assume any and all building violations and is responsible for village required repair if any".I am planning on going to the village and asking if they have record of any violations or liens on the property at this time.

I know dozens of business owners and wealthy folks that attempted to retire in Incline Village, NV for tax reasons... they all end up moving back.

A family member has 4 close friends that each won multiple millions on different lotteries, winners are out thereYeah that is true, My grandmothers friend won $5,000,000 in the Florida lottery a number of years ago, it isnt fiction.

Some neighborhoods to look into are Aviation Sub, Bagley, East English Village, North end, Morningside, Jefferson and Chalmers, Grandmont Rosedale, Rosedale Park and many other pockets. 

@Franky AikensThe slight edge - Jeff Olson (self discipline, don’t be apathetic about small things) The Richest Man in Babylon - George Samuel Clason(Fictional story that teaches the basic formula of wealth creation)The Good Earth - Pearl S.

@Steven WilsonSouth Linden and Hilltop are definitely the diciest, by the Casino of Lincoln Village is similar.

In the long run is this more fact or fiction?