Having a Realtor in the family definitely gives you a leg up.I'd recommend making a weekend sport of going to as many vacant properties as you can. 

I love the demographics and future potential... high growth, lots of development going on, sports teams, etc3.

Whether it's reaching out to certain people, analyzing a number of properties, or even picking up a new book.What I've heard from a lot of successful people, whether in business or sport, is that motivation means a lot less than discipline (which, I suppose is another way of saying persistence!).

I believe I have the basics to what i need to do for taxes with my rental property: save all reciepts and give to a pro!Now here is my next question:I am looking to start a little bussiness. I am also a bass fisherman...

I'm 25 years old, my background is in the action sports industry, I grew up skateboarding, surfing, and snowboarding.

That demand along with conventions, sports teams, eSports, population growth and a lot of other things going on there right now is making me very optimistic about Vegas' future prospects.

Typically this means that if you're living modestly and have a rental empire, you will be good to go, but if you're living in a McMansion with 3 financed sports cars and have a rental empire - not so much. 

If you used it to repair your primary home it could be 2nd mortgage with limitation, if you used the proceeds for a new sports car it is personal and no deduction.

Real estate is a team sport, and there is no way any investor can do it all on their own, unless they want to burn out.Don't consider moving up, you are already at that point.  

Unless there is a sports event (e.g. 49er game) where all area motels, and hotels are full, people do not flock to these discounted housing.