We decided to go for it and went 2k over asking   At the time, the house next door, which is pretty close to being identical had been listed for sale for a few months at $330k, but wasnt selling. 

So if they are served served on the 2nd of September they have until October 30th to comply.Rules are identical for a 30 day notice to terminate.

Luckily here in Vegas houses are almost identical so comps are easy.

If another tenant with the same concept can come in that can usually save tenant improvements dollars landlord might have to pay because concept is almost identical.

@Johnny Kang I bought an 8 unit once where one of the air conditioners was stolen, and the thieves cut the copper to the building at the brick facade, which caught the insulation on fire on the inside.

But Bob knows it will cost him about $100,000 to get the property up and running just like his identical property.

That seems like a lot of trouble and expense to hide your identity from a tenant.

Your numbers are almost identical to an active listing on LoopNet in that area, so I assume it's the same building you're talking about. 

One of the major reasons I never wanted to invest out of state is because, well for one I like the idea of investing in my "backyard" but two, so many markets are street by street and identical properties A and B with identical cash flow can have such major differences in IRR over the long term.

@Chai Xiong  My wife and I are purchasing a house in Kissimmee and in a nearly identical situation as your original post.