In term of reward, I know the reward of mortgage note, but for tax lien it's kind like semi gambling.

This home was outside of our comfort zone in terms of cash outlay.

As for the investing side of things, Vegas is experiencing some major growth in real estate and even now as the country as a whole is in a slow-down or market is definitely and hot and still a sellers market which is what you're looking for in terms of appreciation.

You may be sweating waiting on this deposit, but hopefully, you have teeth in your lease in terms of what happens if the new tenant walks.  

Would the buyer have to qualify for both in terms of under writing?

Propstream is likely the most popular option you'll hear about for sourcing home owner information and could also help direct you in terms of where to be driving for dollars.

Especially when my realtor insists that it’s a no-brainer deal in terms of the “extra” units.

It certainly doesn't work all the time, but usually 15-20% of the time I get somewhere in terms of a discussion.

It seems like people are having good luck in terms of catching maintenance issues before they get huge if they take the time to do the regular inspections.  

If you've had success, how big of a project (in terms of rehab costs) did you have to take on to make the numbers work?