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Usually creating a llc has net zero or an increase in overall taxes paid, so I don't know what benefit you are imagining from creating one.

That is creating a lot of bidding wars.

The worst of them refuse to make repairs to 100 year-old buildings, creating a slum lord problem and giving all of us a bad name in the eye of the public.

@Andrew CosmeYou should close just as if it was a normal sale and get a title company to create the loan docs, get title insurance and sell you the property.I strongly recommend you go through a title company and do not do a closing that was based on docs found online etc.

Expenses that don’t go up as fast take less of a bite as the ARV increases, leaving more room to (slightly) increase the purchase price plus rehab limit to 75% of ARV.We use this rule of thumb for screening, but always create a spreadsheet to estimate all expenses and run a P&L in detail for comparison.

There is always room to add another property and make a decent return, but it requires enough knowledge/experience to create a rental that is unique enough to attract renters away from the competition.

I plan to create a diverse portfolio by some point in my life but feel that the best investment so far to start in is real estate.

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This will create thousands of additional jobs, which will attract more people to Las Vegas.To summarize the Las Vegas situation: There is continually increasing demand due to population growth for an almost fixed number of homes.