Owner is motivated to sell and says expenses are $2300/month (includes lease rent 1700+600 in electricity/gas water included in rent).

It’s so much easier and they usually give me good intel about how motivated the sellers is and other info I leverage my offers off of.

If capital is a major restriction, the FHA loan remains an option.Good luck!

If rates remain higher for longer or go up, then maybe best to wait. 

If I am not mistaken, IRS tax liens convey with the foreclosure sale and remain on title for 120 days after the sale. 

You have a risk definitely, but paying your PM on a more consistent basis may help you get a motivated professional on your team who is there to stay!

What's motivating you to move here? 

Hi Luke, an education expense is a deductible business expense only if you get the education while your working in a business with a profit motive. 

But your tenants should ultimately know that you control their ability to remain in that unit, so if they become too difficult -  you just let them know at the end of their lease you will not be offering a renewal if things don't improve - whatever the issues may be.  

However, the outlook for 2025 remains optimistic, with expected price appreciation, continued demand, and strong job and population growth in the Las Vegas area.Market Trends 2021-2025From November 2021 to May 2022, median prices for townhomes and condos in Las Vegas increased by 18.8%, from $240,000 to over $285,000, reaching a peak of $287,000 in August 2023.