But one tool that often gets overlooked in the wealth-building strategy is life insurance - and it can be a powerful asset for your real estate business. 

Rents, yes 100% I do adjust billing and it is above standard tenancy rates because they are doing it for business revenue. 

To support my seller and seize a valuable opportunity, my business partner and I decided to purchase the property ourselves.

Nope I do not intend to do any business of the lending variety in Vegas I only do joint ventures there. 

I was hoping to do a new construction Duplex.

Unfortunately, the only guarantee in this business, or any business really, is there are no guarantees of outcomes... ever.  

Zillow lost so much money that they decided to exit the flipping business, while most of the OpenDoor properties we see in Las Vegas are sold at a loss.In my experience, software can only go so far when humans are involved.

To answer your last question, my realtor has contractor contacts I should be able to leverage for rehab budget estimates, as well as family friends with experience in the construction trades.

The best option would likely be a construction loan, which can cover both the purchase of the land and the build.

Thankfully the station I am at isn’t very busy so I have the opportunity to do business while at my fire job and more than likely not get interrupted.