I was really good at it, because I took emotion out of it (I barely use emotion for anything), and was very cold strategic robotic, all by the numbers.I took a JV route.

I feed my excel monster the same data for fixed up properties on another page.Based on this alone, I should know where investors are buying, and where their flips should be selling.

What attracts most people to Las Vegas (and other metros) is jobs.In a study I did in January, I looked at two major job sites (Monster and Glass Door) for the number of open jobs in Las Vegas.

i would see if you can get some history on how often and how bad it floods first "if you haven't" to make sure you're not getting a monster every year or more than you can handle in future repairs if your contractor is sure he can take care of this issue with drainage I would  not be too afraid to look into it deeper.  

This property is a cash flow monster.

The level of what we are dealing with here in MN, the legalities and all around this, it's a very technical subject that is very poorly defined and an absolute monster of liability issues. 

I started putting in the ad that only 2 vehicles allowed and when they apply I don't accept people with monster trucks.

@Jordan Petty, you are asking for monster trouble unless you have tons of cash laying around.  

There was a whole string of these monster houses that slept 40-70 people.

If you still have the profit that you're happy with then go for it but never let emotion get the better of you in investing...be a robot and let the facts guide you first and foremost.