The current use of the property as a two-family dwelling significantly impacts its value and marketability, which is distinct from single-family homes.The initial appraisal comparing your property to single-family homes is likely an oversight, as multifamily properties are evaluated differently due to factors like rental income potential and investor interest.

There, you'll find detailed information on investing, both in general and specifically in Las Vegas.Before I continue, note that unless otherwise noted, the charts only include properties that match the following profile.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is 3,000 SF.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.What we are seeing:The chart below, from the MLS, includes ALL property types and price ranges.

You might find that installing a mini-split system, properly insulating, and ensuring the finishes match the main home’s quality will make a difference in how the appraiser views it.

Notice that the table you just pasted in matches my Scenario 2 exactly.

Would love to speak more on this regarding the market, where I think things are heading, and some deals that might match up with your criteria/goals.Just shot you a friend request!

We know how hectic it is as a diy landlord so we try to match our availability.

When a property comes available that matches that criteria, I move on it.#3:  Short cuts are not efficient. 

I am hoping the cash flow will match their numbers in first year (fingers crossed) and all the "other expenses" will start from 2nd year onwards.

Verify that the addresses given by the tenant on the application match the addresses on the credit report.

It scares me thinking about trying the Airbnb route but this area has two distinct tourist seasons in the summer and winter so it might be worth it for at least some of the units.