I'm planning on investing in real-estate as a part-time job to build financial independence for my wife and I.

Rooms or Units in dwellings containing living quarters occupied or intended to be occupied by no more than four families living independently of each other, if the owner actually maintains and occupies one of such living quarters as his residence"that is a sub-sectionin other words if you lived in the house, there can only be 3 other non family members renting, but if you don,t live there, you can have 4 non-related individuals in there. 

Going through a couple of inspections and then thinking you're good to go it solo is a mistake...do that with the wrong property and, unless you're independently wealthy....you could be taking on a 2nd job to get out of the mess you find yourself in.You might want to consider turning the property into shared housing instead.....it's less risky but won't work everywhere....and I don't mean a seedy rooming house.  

Invest in your financial independence. 

So now I'm about to close on the 3rd of three decent four plexes in Independence, meeting the crazy timelines of a 1031 Exchange, and my 'turnkey, fully rented' units are half empty and I'm not hearing from the property manager I have contracted with and interviewed for 8 months!  

She went to our local independent bank that we have both used for years.

My suggestions are:2 years of bank statements for the property so you can verify deposits and expenses tied to cash2 years of tax returns (2013, 2014)2014 and 2015 Profit and Loss reportsRent roll for 2014 and 2015Ideally all of the last two are certified financial statements (meaning they've been reviewed and signed off on by an independent auditor), but chances are they won't be.

I am currently living in kck and want to invest primarily in the independence, grandview, and south kc where the new cerner campus is being built.

The in-law setup is extremely popular right now for both parents or older family members who move in with their children and for adult children who are moving back in with their parents but want a little bit of independence.

I have chosen real estate investing as my next career move, and am very excited about starting.My goal in real estate are to earn a passive income to achieve financial independence.