Seems like “Vegas” attracts the less than honest hustlers   I see it in the PML HML space you see brokers with NV address's but no NV mortgage lender license those are basically fake lenders full stop .. since its illegal to be located in Vegas and lend money with no state license at least on 1 to 4 units. could be they use NV LLC for the perceived privacy that state offers kind of like WY ?

I have clients doing 1 a quarter thats about the slowest to others that will go on a mini tear and I will help them buy 5 or 6 over a 45 day period then they go to work.But generally my busy folks will do 15 to 30 plus a year..

PS  my Detroit section 8 folks were not the easiest .. compared to the bible belt..  

Since this four-plex is in my region, I will be the one taking care of maintenance and management while the investor won't have to worry about anything but to receive the money haha.Let's confirm a few things before you get questions from a bunch of other folks on the forum.How much of your own cash/equity are you planning to contribute/invest to this deal?

Folks just need to understand things never stay the same..

I’ve been around real estate for decades, and I read in The Economist once that in lively markets like Charlotte, folks will pay a premium for a comfortable room if you’re near major employers.A friend of mine tried something similar out in Austin a while back.. he’d inherited a 4-bedroom property and split it into individual room rentals.

It's possible to do out of state investing in Cleveland or Akron, but you need to build a team and start networking with folks here.

This doesn't come cheap--these folks were making high six to seven figures depending on volume.We focused on lending to professional real estate investors--so our customers were frequent repeat borrowers. 

If you go RBTR, here are a few key criteria I've seen to assure comfort of living and lower vacancy / turnover:- at least 400sqft per tenant and no more than 2 tenants to 1 full bath -excess parking where folks aren't blocking each other in and you're not getting complaints from your neighbors about overtaking the street parking.

There are a lot of high character folks who get sucked into garbage Co-GP style guru programs.