I'm curious, do people have any concern for Las Vegas future due to the Supreme Court permitting other states to legalize gambling?

Buying those kinds of properties is almost like gambling.

You have to look at how much its costing you to hold it and the gamble of putting it back on the market and getting less.

I have never been involved with such an elaborate scam unfortunately I pulled the short straw on the investor gamble. 

Don’t get me wrong, I like your idea, heck I’m interested if you find another deal or a small multi, but right now it seems far from a partnership and more of a one sided gamble.

The really low income areas is more of gambling and speculating and sometimes no matter what the tax benefit is looking like it is not worth owning in those areas.I personally like A to B areas because they tend to hold up better in an economic down turn.

So It's gonna be a gamble if I decide to sign for a new one year and let sec 8 decide what the rent should be.In this case the tenant pays only $55 per month.

I view investing for appreciation (with negative monthly cash flow) as gambling.

I’ve been looking into for a while and have talked to multiple family members who have encouraged me to go for it really immerse myself with it.

Its a gamble in my opinion.