With that being said, following the advice on here has helped us tremendously on setting up the rental and most importantly, find good tenants. its been 2 whole months and I'm happy to report that the tenants have been great.

Bring your buckets and your muscles, LOL.

The second option is to seek private lender from the onset, and secure the initial 50% down payment and pay mortgage to the owner for the next 80 months.

I am a junior at UNC - Chapel Hill and with the onset of the summer season comes the race to find an internship.

That is some very powerful leverage with you doing some muscle to get the engine running instead of buying the deal.Yes 40-50% is a wise suggestion.

I am planning on setting up an LLC for a new-build project, and I have talked to one lawyer who was thinking I would need to get a securities broker or a lawyer well versed in securities law.  

you are absolutely right and sorry if i came off offensive... i am a consumer and have had the same exact experiences. agents who put you on set it and forget it through their portals which will narrow down properties based on area and other general details and never contact you again unless you call them and there are agents who will go look at properties for you because you are stuck at work gather all information and give you advice to continue to examine or list 25 negatives to talk you off your emotional impulse buy. it took a few agents before i found one who doesnt mind to work for their commission and i will use him on every deal within his license jurisdiction.you cant expect a consumer to be happy to work with someone who just goes through the motions because they've been in the RE space for 20 years.. much rather give a recent college grad with some motivation the business.you sound successful and i am willing to bet its not because you set it and forget with you clients and you actually work. god bless

We were able to secure off market for a competitive price, but there is a good amount of capex work ($80k) needed at onset.

@Bill Goodland congratulations on setting a goal and reaching it.

This is from the Las Vegas Review Journal.Realtor.com stated that Las Vegas is among the top 10 fastest recovering markets since the pandemic onset.