Hi Billy,Sounds like an ok deal to get your feet wet.As you listed out there are pros and cons to the nicer areas vs lower cost areas to invest...the biggest challenge others face in your shoes is actually pulling the trigger and getting the first deal on the books.

If I were in your shoes, I might opt for a 10% increase every 6 months pending it's legally an option. 10% typically is a nuisance, but not enough to move.

If I were in your shoes, my advice is to start on a turnkey, get your feet wet, turnkeys will require maintenance and rehab as long as you continue to own them too.

In short, put yourself in the other person's shoes - would you want to be in the 2nd, 3rd, 4th and etc position?!

Would you even bother in my shoes?

Which option would you pursue if in my shoes?

I am not asking for legal advise, just how you would structure it if you were in my shoes.

They said the mold in the garage (basement) that was on tenants shoes and clothing was due to the humid conditions and rain.

I'm in similar shoes.

If the shoe was on the other foot, I would be the last guy to give you advice on making purchases in Las Vegas.