You are not still getting a 10% ROI because your principle payment is your cash that you have chosen to invest in that property (forced by bank or not) you could refi that cash out to invest elsewhere are you could sell and invest the cash in something else.For buy and hold RE you should use return on equity (ROE), that is value of the property minus the amount owed. 

This will tell other folks in this board the various markets they may know that could suit you better than just Las Vegas.Another thing I'd like to know are you local to Las Vegas and is that why you have chosen that region first to attempt investing in real estate?  

I have only bought with a broker but I've chosen those in the investing arena that are smarter than me so I learn from them as I go.

When I have compared the two to clients they all have chosen to go HomePath.Talk to your broker and see what the payments for each would be, they should be able to give them to you in no time.

I already have a make up of the path I'm going to take to enter into Real Estate, but I am curious on what path people would choose (have chosen) if you were in my shoes.

I've chosen for now to forgo an LLC,  but I am carrying plenty of insurance,  and (hopefully) the correct kind.  

Or just tell him you've chosen Applicant B since he's willing to move in sooner.Picking the best applicant is not a violation of Fair Housing...if you can document your process and demonstrate there was no discrimination based on a protected class.

The frustrating part for Guru's is they teach and folks don't follow their advice and follow through then make a post like this.. which I am surprised there is not more bashing.. that goes to Brians credibility right there if you had said any of the other Guru's .. you would have had 50 post telling you how terrible they all are.Remember all this stuff is worth what you pay for it.. on BP its free.. so that's what its worth its a bunch of folks around the country giving their personal opinions and or advice which may or may not be germane to your situation.. its a free for all here.End of the day you have chosen a VERY tough industry to crack and be successful at. .And its only the late night TV that glorifies it..

Ex: Wells Fargo.Obviously, banks are not in the habit of buying properties so you know that 99.9% of the time, a deed to the bank will be the final stage of a foreclosure, thus making that house an REO.2) Now you realize that there is usually a 2-3 month window of time where the subject property you have chosen from your list of deeds is in limbo with the bank.  

So lenders will frequently lie and say that "you can't do xyz" when in reality they should be saying "I and my firm specifically that I've chosen to work for will not do xyz."