It's worth noting, however, that in the long term, housing markets with abundant vacant land can significantly increase their inventory if policies and economic conditions favor builders.In markets like Las Vegas, where undeveloped land is limited, and population growth is strong and steady, housing inventory will continue to tighten.

The sky is the limit after that! 

Typically financing for rentals for non-residents is pretty tough and limited and expensive. 

Your best bet might be joining a local real estate club.  

Given that the deal is off-market and there might be limited information on pricing, you should compare the property to recent comparable sales in the area (comps) to confirm that the price is fair.

Townhomes have extra holding costs in HOA and could limit your renting ability.

Many hoa's have restrictions / limits to non-owner occupants allowed in a community / building.

If your going the CC wrote, which Crum you just made it sound very complicated (moving parts to pay a bill), might as well get the three CC's and the max limit you can. 

Reason we are trying this strategy is just due to the fact that just like the rest of the country there is limited supply in this market.

You’ll also be trading off appreciation for cash flow in those areas, so make sure to keep that in mind.If you’re eyeing a B/B+ neighborhood instead—think exurbs like Adamsville or Pleasant Grove in the west and Odenville in the east—you’ll likely be limited to condos or small fixer-uppers.