And now, all the BS of the west, we have now destroyed our competitive advantage, and now the 'west" is a lot more like RU and China than not in that regard.

This scarcity will drive both property prices and rents upward.Housing supply and demand dynamics are more determined by interest rates and state/local economics than by the president and Congress.SummaryWaiting for the election outcome won't give you an advantage.

Very common for families to take advantage of when they are younger looking to grow their portfilio/wealth. 

I do understand the advantage of having a PMC to run the property but we need to focus on what I have and need to do on the current scenario and not future.

You have tax advantages.

Here's your challenges:1) Owner is either lying about there being no leases, is totally incompetent or, the worst, is a slumlord trying to take advantage of tenants.--- Which means he's trying to take advantage of you!

Las Vegas properties offer a uniquely advantageous investment landscape, from low property taxes to manageable maintenance costs.

@Sean Conroy, this really depends on two things: first, the land zoned in a way that you can subdivide and build more units (question for building/zoning department) and second, financial returns on doing this versus using the capital to buy.New construction certainly has its advantages on the operating side, and can often get a premium to remodeled, older units.  

Your big advantage in the early years is tax depreciation and mortgage pay down.

And, you don't have to be a real estate professional to take advantage of this benefit.