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.

So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.2.

There are a lot of great resources on BiggerPockets, whether you are just getting started or have 30 rentals under your belt.If you have specific interests or questions, find the appropriate forum category to read what others are saying or ask questions. 

And most will be able to pay the taxes when they come due, and put on a new roof, and put on a new coat of paint.As well as replace the carpets, cut the grass on a regular basis, replace the windows, reseal the chimneys when the liners crack, etc..It's unlikely that that these homes will fall into the slum category in 10 years or so, and make the asset underlying the loan virtually worthless.Or just vanish when the place starts to fall apart too much, due to no down-payment (no skin in the game 100% loans).Said the lawmakers who approved this.

You have tax advantages.

It is important (and a huge advantage) to be able to anticipate interstate migration patterns before they happen :-)I am just opposed to the 'sky is falling' approach....not even saying you were going there.....but lots of people do just that.Other than that, interesting topic....

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.

Nathan,Thanks for the response and support.Of all the categories of businesses, REIs with due diligence and real estate agents with ethics classes are the least likely to pull this stuff.My nephew in 19-County says, "Hay" I mean "Hey"We publish a weekly blog on the company BP site, Utah Real Estate Accountants.Janet

Hey @Cynthia Leite - I am a licensed general contractor in Chicago, and we have 32 categories in our scope of work, then, we have many subgroups under these.0.