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. 

Not sure if the fits in this category for investor mindset, but here goes...I want to be an investor, but am not having the easy time get starting with this.

@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.

I’m trying to have him see the bigger picture if he puts money in tax advantage accounts first and strategically uses a tax professional, that he will be able to offset his high tax bracket w2.

Being an agent is a huge advantage to eventually becoming an investor.

While the repairs will temporarily affect rental operations, the long-term tax advantages from depreciation could help recover some of the initial financial outlay.In terms of negotiations, it would be wise to push for a larger price reduction instead of accepting a cashier's check, given the magnitude of the repairs and the expected loss of rental income during the downtime.