The LLC formation is worth as much as the paper its written on.

That said, I spend about $80 on each turn re-stocking items like paper towels, dish soap, shampoo and the welcome basket I put out.

I've drafted the papers and pleadings for an unlawful detainer action and will file Monday morning if nobody reaches out. 

@Larry Batesi'd be cautious with "properties in a lower income area for rental properties"those numbers look great on paper, but the cash flow can be crushed by capex, deferred maintenance, vacancy, collections, and can take years to stabilize

I am mostly here looking for cash investors to partner with and begin purchasing properties to rehab and either flip or hold the paper.

Sounds like they are simply getting some depreciation or paper loss.

I've done probably 60 or so sfh deals but have never even looked at multifamily so I'm out of my zone on the paper side.

You also need all kitchen stuff, towels, sheets, etc. 

U know investors go for paper returns with no thought to tenant base and RISK.. no different in Vegas than in any other market.

I know the struggles all to well with those expensive markets.