I'm starting to look at the Vegas area as a possible place to invest and move to in the future.

This is participation trophy culture and reverse trolling at its finest.I guess from now on, you can only give back pats, hold people's hands on their journey, and encourage them, and not tell them the truth about their questions, investment ideas, or future plans.

Hopefully that helps someone out in the future. 

So yes, you need to set aside enough money to pay future taxes.Taxes are calculated only on your net profit - i.e. after everything is deducted, including labor & materials, holding costs, financing costs and business overhead such as marketing and driving. 

We don't get many natural disasters of this caliber so I'm not sure what to expect for the future.

Here are the Positives:Upfront Payment: The tenant’s offer to pay the full year of rent upfront, along with the deposit, shows a commitment and provides financial security for you in the immediate future.At least She was Honest in Her Communication: The tenant has been transparent about her situation, which can be a positive sign of reliability and sincerity.My Negative Concerns:Her Future Financial Stability: It's only a one-year lease, if her medical condition and financial condition should worsen (Heaven forbid), you may have to face her wanting out of the lease earlier than the 12 months and eventually you may be faced with having to decide not to renew the lease (after her 1 year contract is expired) based upon the sad news of her condition becoming worse, (Heaven forbid).  

I do have stocks that I could liquidate to throw at the principle but they have been performing great lately and I’d rather use those funds down the road as another down payment on a future property.Any advice appreciated Christian

Another issue is the gas station includes a liquor store so opening a new company to buy out business would mean losing the age of liquor license which may be beneficial in the future if they pass a law on permitting more liquor licenses to existing holders. 

I recently bought two vacant lots in Canton, Mississippi, in Madison County, and I plan to sell them in the near future. 

What about this:Get added to the Morgage as someone that is authorized to discuss the mortgage, but not be responsible for it.Get added to the insurance policy as a "loss payee"Get a Deed (Quit Claim or other) from seller but don't record it until the loan is paid off.Keep making payments on the loan under the other person's name.Another idea is to do the same as above but record an option against the property to be able to purchase property at any time in the future for $100.