Looking forward to buying the first property so I can get this ball rolling. 

Vegas is so often a wild roller coaster ride it is nice to see it balanced out.With all of that being said no one has a crystal ball and there are so many factors that can affect the market, let's keep sharing info and staying on top of the trends so we can help each other minimize risks/losses and maximize our profits for the upcoming year.HAPPY, SAFE NEW YEAR!!!

That's the great thing about J Scott's book he writes about those little details so when you walk through, look at various things you can add up a general ball park number.

I don't think Kfalls is the land of milk and Honey but it's a lower entry point to play ball then other area's of Oregon.

So much of the barrier for private street level investors was they just didn't have enough capital to play ball.  

If you still feel the same, I'll take your points into consideration.Though I acknowledge I am over paying, I believe I'm only over paying by $50,000 (something you recommended I did when you thought the value was $400,000) The other offer at 400K is a low ball offer from a guy that throws you know what at the wall to see what sticks.  

They could more accurately give you a ball park as every investor has their own idea of what a rehab should cost.  

When I sold, I took my profit and moved to better neighborhoods.Find motivated sellers (there should be MANY) and cut your most insulting low ball offer in half.

As far as their pricing and offer acceptance strategy goes, I've found they typically won't respond to low-ball offers (I'm asked this all the time).  

They are well established and have low vacancy rate so I used 5% but it should be more like 2% according to what they told me. 1% for Cap Ex because all the major stuff is new.  2% for mnx cost which probably is a low ball %.