Plaza and Prairie village are already well established (gentrified), with Plaza being desirable to young professionals and Prairie getting to take advantage of the Shawnee public schools, avoiding expensive private schools while still getting to live the "city life." so attractive to families and folks wanting the safety of guaranteed appreciation (the cost being what I would argue is a higher buy-cost and taxes for a lessor property)I would guess Plaza and Long have higher crime rates (if that is a concern). 

In general, I reckon that if you get EMOTIONALLY attached to a SF primary you want to buy, you WILL spend more on it than is financially optimal, and it WILL hurt your Debt To Income ratio and therefore slow down your ability to buy more bargain multi-plexes at whim.Will your extra retirement income wish, vs your pretty-home desire, be easy to resolve? 

It's a really great small city, and is generally considered more desirable than the surrounding areas due to the level of service they provide to the citizens.  

(You should charge them and make the tenants aware that any money collected will first be applied to any late fees before being applied to rent, and that you do not accept partial rent payments.)You do not want any eviction for late payments to be confused with her desire to get a dog. 

Since it is updated and in a very desirable neighborhood and school district, there has been a lot of interest.

My desire to learn how to invest in Real Estate and secure my family's future has led me to BiggerPockets.

Costs for setting up a condo probably aren't too punitive, but, you would have to incorporate all of your desires, as well as the historical districts desires, into the Articles of Incorporation, CC&R.s and bylaws. 

Being a former Division-1 baseball player, team captain, and avid skier, Greg brings his leadership and a desire to win from the very first handshake to the closing table.

Hi @Alex ChauYou ideally want to look at desirable areas.

I am a 22yr old from Chicago who has a desire of becoming a successful real estate investor.