I'm not sure it's accurate to say that investors in a syndication USUALLY get hosed.

@William HustonSo you’ll barley get the 1% rule if the all the numbers are accurate .seems like your typical marginal deal .

As such, we took the gamble we won't have a catastrophic loss from a NS and, if there is any damage, the same $10K we'd have to pay anyway with insurance will take us a good way to being "whole".My own personal home, which is a duplex, is insured at a $250K value and I pay $3600/year for that. 

I started going there since about 1990 from SoCal for fun and vacations so i've watched it evolve over the years from a dusty gambling town to an international resort destination and I see huge opportunity there over the next decade - it reminds me of LA around the Sunset Strip and Hollywood in the 80s when it was run down before billions of dollars started flowing in and now those areas are some of the most expensive in the city. 

Where were you accurate? 

I want to be as accurate as possible on my repair prices.

I'm looking for an investor friendly agent who could help me really crunch the numbers with a accurate CMA  and asking price to see If I could potentially have a deal in which I would be looking to use a hard money lender to fund it.

@Tony Nguyen, if the numbers you have presented are in fact accurate and I'm understanding everything correctly, then this is an incredible deal.

I wanted to know whether the square footage of living space figure is accurate. 

I think it would be best for me to buy a home at a great price and make cash flow rather than gamble on what if's and buy a higher price home and not realizing any cash flow after I just bought it.