Yes this method only works if #1 You make more money than you spend#2  You are willing to spend less than you make.#3  it works because people don't have discipline to pay their mortgage beyond the minimum.  

Las Vegas attracts investors from all over the world for good reason so I think you are on the right track starting here before expanding.

How would you recommend, or what resources would you refer for us to properly figure out how we spend our time and appropriately get compensated for it?

Such a horrible loss.Regarding your property, I think as the trends in the report continue over the short term you will be able to sell closer to full value in coming months.

.#4 - Have someone local that you trust, go over zoom and get to ask them question.

Nearly all of our business came from the relationships that our originators had built over the years. 

We have been around the bigger pockets community for over a decade now and have more 5 star reviews on bigger pockets than any company on this website in any industry (>270  5 Star reviews).

Your solution is to borrow the downpayment, as well.This is referred to as "over-leveraging" and it's not wise.

if you buy a random property on Zillow and turn it over to people you have never met, you will very likely lose money, get frustrated, and set yourself back.if you're serious i'd pick a market and plan on making several trips there. 

I tend to ask the same questions multiple times over a period of time to see if I get consistent answers.