Quote from @John Mason: Maybe best to get boots on ground and  go the meetups before doing remote stuff  is a  good approach Hi John, I couldn't agree more.

I agree with others that $11k sounds too high. 

I also agree the STR regulations in Vegas are not easy to work with.

And if my credit hadn't been good enough, they could have charged me twice that much.I had to have enough money to travel back and forth to interviews with the property manager, and the housing authority interviews, too.So, my point is that - you can be really picky, even if you agree to accept Section 8 tenants.But, if your property is the type of property where nobody in their right minds would rent it - unless they had absolutely no other options - then don't buy that property in the first place.If it's too late for the above, then try to be super picky.

Here’s how payments typically break down:- **Principal and Interest**: This is the amount you pay to the seller based on the agreed-upon loan amount (purchase price) and the interest rate.

However, I agree it’s better to just cut the losses now and learn from this crazy experience.

On the last day of my option period, after considering all of my exit strategies and considering different lenders, the only way I could make this deal pencil out at the previously agreed price was to push the closing back by 11 days.

This is super ridiculous I agree.

But I do agree with everyone else, you do need to look at the flooring and see if it truly does need to be replaced.

So everyone agrees that's a great first step.